The EUR/USD pair went back and forth during the day on Wednesday, as we continue to find support somewhere near the 1.1150 handle. We believe that support extends all the way down to the 1.11 level, so this point in time we are only buying this pair on short-term pullbacks. We recognize that volatility should continue going forward though, but at this point time we have to assume the consolidation between the 1.11 level on the bottom and the 1.13 level on the top should continue. We have no interest in placing longer-term trades at this point in time.
EUR/USD Forecast September 10, 2015, Technical Analysis