EUR/USD Forecast September 27, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the session on Monday, but turn right back around to reach higher. Because of this, it looks as if the market is trying to go higher but I think there is a lot of noise above that could cause quite a bit of trouble. Exhaustive candles are more than likely going to be selling opportunities going higher, as the overall consolidation seems to be continuing. I would not be comfortable going long at this point in time, so I’m simply waiting to see whether or not a get a selling opportunity.