EUR/USD Forecast July 28, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the session here on Wednesday, but turned around to form a slightly negative candle. This is a bit of a shooting star, and that of course normally have sellers stepping in and also on top of that we have the 1.10 level, which of course is a psychologically significant number. With this, I believe that the Euro continues to fall given enough time, but it’s going to be very choppy, as there are a lot of factors working against each other at the same time.

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