The Euro fell rather sharply during the course of the day on Friday, slamming into the 1.1150 level. However, this is an area that is very important in general so I would not be surprise at all if we turn things back around and start bouncing. On the other hand, if we break down below the level significantly, I don’t see any reason why this market does reach down to the 1.10 level. I am bearish overall, so I think any rally should be a selling opportunity on signs of exhaustion above.
![EUR/USD Forecast September 19, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/09/eurusd-12.jpg)