EUR/USD Forecast July 23, 2015, Technical Analysis

The EUR/USD pair tried to rally during the course of the session on Wednesday, but struggled at the 1.0980 level again in order to fall. With that being the case, we found the 1.09 level offer little bit of support. In other words, this is a very volatile market and we feel that the market is going to continue to bounce around between the 1.08 level on the bottom, and the 1.10 level on the top. Because of the way this market is acting, we are simply willing to sit on the sidelines and wait for some type of considerable move.