EUR/USD Forecast August 31, 2016, Technical Analysis

The EUR/USD pair fell significantly during the day on Tuesday, breaking the bottom of the hammer from the Monday session. That of course is a very negative sign and as a result I think that the Euro will continue to lose ground. After all, Janet Yellen has recently suggested that perhaps an interest-rate hike in September is still very much a possibility. With that being the case, the market should continue to favor the US dollar in general, as the interest-rate differential could very well start to reach towards America in this next move.