EUR/USD Forecast January 12, 2017, Technical Analysis

The EUR/USD pair broke down below the 1.05 level during the day on Wednesday, as it suggests that we are going to continue to go lower. Because of this, the market should then reach down to the 1.0350 level underneath, and then perhaps even lower than that. A break down below the 1.0350 level should send this market looking for parity again, which I think it will eventually find. Any rally will continue to be a selling opportunity as far as I can see, as the market continues to look very soft overall.

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