EUR/USD Forecast September 23, 2016, Technical Analysis

The EUR/USD pair rallied during the course of the session on Thursday, reaching towards the 1.1250 level. However, this area does cause a bit of resistance going forward, and we did get back quite a bit of the gains. With this being the case, I believe that we will continue to see sellers above, and therefore I’m looking for an exhaustive candle in order to start shorting. I do not have any interest in buying the Euro at the moment, as we continue to see sellers get a bit more aggressive every time we try to rally.

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