EUR/USD Forecast July 21, 2016, Technical Analysis

The EUR/USD pair went back and forth during the course of the day on Wednesday, testing the 1.10 level. This is an area that has been the bottom of the recent consolidation area, so it makes sense that the buyers would get involved. With this being the case, it’s very likely that we could bounce for the short-term but I still believe that a break down is going to happen given enough time. After all, there are a lot of concerns when it comes to the European Union at the moment, and of course the US dollar tends to be a bit of a “safety currency.” - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the