EUR/USD Forecast August 1, 2016, Technical Analysis

The EUR/USD pair broke higher during the course of the session on Friday, crashing into the 1.12 level. There is an uptrend line just above though, and I have seen quite a bit of resistance at the 1.12 level in the past. So the question then becomes whether or not we can break out to the upside. I’m not interested in buying this market until we get above the uptrend line above, so I feel that any signs of exhaustion should be a nice selling opportunity as we continue to turn around and reach towards the 1.10 level on the bottom again. - 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