EUR/USD Forecast September 20, 2016, Technical Analysis

The EUR/USD pair rallied during the course of the day on Monday, bouncing off of the 1.1150 level as we expected. Ultimately, I believe that given enough time there will be sellers and signs of exhaustion so we can take advantage of, and I do believe that a break down below the 1.11 level would see this market reaching towards the 1.10 level below. Ultimately, I have no interest whatsoever in buying, and I think that sooner or later we will look for selling opportunities in this market. The matter what happens, expect volatility.