EUR/USD Forecast June 1, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and as a result it looks as if we are going to continue to try to grind lower. I still of a target of 1.10 going forward, but I think it might be a bit bouncy all the way down there. Short-term rallies that show signs of exhaustion could be selling opportunities going forward, and at this point in time I have no interest in going long.