EUR/USD Forecast September 12, 2016, Technical Analysis

The EUR/USD pair fell during the course of the day on Friday, testing the 1.12 level. I believe that given enough time we will probably continue to bang around in the recent consolidation area, so this point in time I think that a short-term bounce could happen. Nonetheless, I don’t think that any trade can be held onto for any real length of time, so therefore I’m not necessarily interested in this particular market. This is a market that I don’t really have much interested in until we make a longer-term signal, which at this point in time seems to be something were going to be waiting for.

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