EUR/USD Forecast February 15, 2017, Technical Analysis

The EUR/USD pair rallied initially during the day on Tuesday, but turned around to form a negative candle as Janet Yellen spoke in front of Congress. Because of this, looks as if the market is going to reach down to the 1.05 level, given enough time. I think that the 1.05 level will be supportive though, so expect a bounce in that area. I have no interest in buying this pair, it certainly looks as if the momentum is rolling over to the downside. Rallies will continue to be selling opportunities on signs of exhaustion.