EUR/USD Forecast September 28, 2015, Technical Analysis

The EUR/USD pair initially fell during the course of the day on Friday, but then turned back around to form a bit of a hammer. We closed above the 1.12 level, but ultimately the thing we have to pay attention to is the way of a shooting star that form for the Thursday session. With that being the case, looks like the market is essentially going back and forth in a relatively tight range, with the 1.11 level on the bottom being the support, and the 1.13 level on the top being the resistance. Only ultra-short-term traders will find solace in this market.