EUR/USD Forecast January 11, 2017, got technical Analysis

The EUR/USD pair tried to rally on Tuesday but gave back most of the gains in an unimpressive display. I still believe in the downside of this market, and then selling rallies is essentially taking advantage of “value” in the US dollar. I believe that if we can break down below the 1.05 level, the market should then reach towards the 1.0350 level below. The 1.07 level above continues to be a ceiling in the market, and therefore I think rallies are still going to be looked at with suspicion going forward.