EUR/USD Forecast August 15, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star. As you can see, we are still very much consolidate is a therefore it’s likely that the markets are going to continue to be choppy. I have no interest whatsoever in trading this market at the moment as I believe that we are simply grinding away and is going to be an absolute account killer if you aren’t careful. Because of this, I remain on the sidelines.