EUR/USD Forecast July 29, 2016, Technical Analysis

The EUR/USD pair rose slightly during the course of the session on Thursday, as we continue to show quite a bit of volatility. However, we are starting to show a bit of resistance just above, so I feel it’s only a matter of time before the market sells off. An exhaustive candle somewhere in this general vicinity or reaching all the way to the 1.12 level would be reason enough for me to start selling again. I have no interest in buying, I believe that the European Union has far too many problems to own the currency.