The EUR/USD pair went back and forth during the course of the session on Friday, testing the 1.1150 level. This is a market that seems to be respecting the massive supportive level in this region. I think that longer-term over the last several months we are looking at a descending triangle that should continue to give us a negative market. If we can break down below the bottom of the range for the session on Friday, I feel at that point in time the market should then send this market looking for the 1.10 level below.
![EUR/USD Forecast October 10, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/10/eurusd-5.jpg)