EUR/USD Forecast September 15, 2016, Technical Analysis

The Euro rose again against the US dollar, but we are still very much stock in the consolidation area that we have been in for some time now. I believe that the larger consolidation area extends all the way down to the 1.1150 level on the bottom, and the 1.1350 level on the top. We are essentially in the middle of this area, and as a result I have no interest whatsoever in trading this market. Quite frankly, there are much easier trades to be had in the Forex world at this time. However, an impulsive candle could get me involved again.