EUR/USD daily chart, October 13, 2016

EUR/USD Forecast October 13, 2016, Technical Analysis

The EUR/USD pair fell again during the day on Wednesday, testing the 1.10 level which has been my target for a few sessions now. With that being the case, I think that a bounce is likely to happen, but I’m willing to wait until we have a short-term rally that we can start selling on signs of exhaustion. I have no interest whatsoever in buying this pair, as I believe the US dollar will continue to strengthen going forward. Alternately, if we break down below the 1.10 level below, we should continue to grind down towards the 1.08 handle.

EUR/USD Fundamental Forecast