EUR/USD Forecast August 4, 2015, Technical Analysis

The EUR/USD pair fell slightly during the course of the session on Monday, as we simply meandered below the 1.10 level. With this, the market looks like its essentially grinding lower, but there isn’t too much to move the markets at the moment and we also have to keep in mind that the time of year is in exactly one that fosters massive moves. With this, we will simply anticipate a move slower, perhaps short the market on short-term charts, but that’s about it. This is going to be a scalpers market at best.