EUR/USD Forecast July 31, 2015, Technical Analysis

The EUR/USD pair fell during the day on Thursday, but found a little bit of support just below the range for the day. The 1.09 level looks as if it wants to offer enough support to keep the market going higher. With this, we believe that a bounce could be coming, but also recognize that the 1.10 level above should be resistive. We have no interest in putting any real money to work in this market as it continues to chop around overall. We believe that the 1.08 level would be a better area to start buying if we get a move down there and a supportive candle.