EUR/USD daily chart, September 29, 2016

EUR/USD Forecast September 29, 2016, Technical Analysis

The EUR/USD pair went back and forth and form a bit of a negative candle, with a neutral tone as well. With this being the case, I think we continue to grind lower, but at this point in time I’m not expecting any type of major move. Short-term rallies that show signs of exhaustion are selling opportunities as far as I can see, but I’m not looking for any type of major move. I think we will continue to grind towards the 1.1150 level below, but it is going to take a bit of time.