EUR/USD Forecast May 31, 2016, Technical Analysis

The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday. Because of this, the market would have lost quite a bit of volatility later in the day, so not too much can be gleaned from this action. At this point in time, I still believe that rallies will offer selling opportunities above on exhaustive candles. That’s exactly what am waiting for, just a little bit of an overexertion by the market in order to take advantage of the bearish pressure.