EUR/USD Forecast January 27, 2016, Technical Analysis

The EUR/USD pair went back and forth during the day on Tuesday, as we continue to see the 1.08 level below as supportive. That being the case, we believe that the market could very well rally from here but no matter what happens we should see quite a bit of volatility as is market continues to be a favorite of high-frequency traders. Ultimately, we believe that the market will probably try to reach towards the 1.0950 level, as it was the top of the recent consolidation in this market as there has been so much in the way of noise.