EUR/USD Forecast August 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 August 2016 05:59 UTC
EUR/USD rose during the course of the day but did pullback a little bit towards the end. I believe that we are going to continue to try to go higher, but it’s going to be very choppy. Essentially, I think we are simply going to consolidate overall between the 1.12 level on the bottom, and the 1.1350 level on the top. Because of this, this is a choppy market that I will probably stand on the sidelines from, as it just doesn’t have any real clarity at the moment, and of course volumes are low at the moment as well.

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