EUR/USD Forecast January 9, 2017, Technical Analysis

The EUR/USD pair fell on Friday, testing the 1.05 level after the jobs number came out. If we can break below there, the market should then continue down to the 1.0350 level, and perhaps even lower. Any rally at this point in time should be a selling opportunity, based upon exhaustive candles. I believe that the US dollar continues to strengthen against the Euro, because it enjoys the possibility of interest-rate hikes while the ECB has recently extended quantitative easing by at least 9 months. Ultimately, this pair should reach down towards the parity handle.