EUR/USD Forecast December 8, 2016, Technical Analysis

The EUR/USD pair rallied slightly during the day on Wednesday, as we continue to press against the 1.08 level above. I believe that as soon as we get the 1.0850 level above, we should see a nice selling opportunity as the market will roll over and start reaching towards the 1.05 level below. Ultimately, this is a selling opportunity just waiting to happen, and I will treat it as such. I have no interest whatsoever in buying this market, as there are far too many issues in the European Union right now and of course the Federal Reserve is looking to raise interest rates.

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