EUR/USD Forecast May 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 May 2016 06:41 UTC
The EUR/USD pair fell slightly during the course of the session on Friday, as we continue to see bearishness. However, there is a massive amount of support near the 1.10 level below, so we are not expecting any type of meltdown. That being the case, the market will be negative, but ultimately there is far too much support below to keep this market from falling to significantly. Short-term back and forth type of trading with a negative bias is probably what we can count on over the next several sessions. At this point, volatility is the only constant.

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