EUR/USD Forecast August 28, 2015, Technical Analysis
The EUR/USD fell hard during the course of the session on Thursday, testing the 1.12 level. That being the case, the market is now testing support yet again but at this point in time the candle looks very negative. In other words, this is a market that seems to be a bit schizophrenic at best, so at this point in time we are standing on the sidelines and waiting for some type of clarity. After all, we had a massive breakout previously, and then have fallen drastically from there. In other words, the markets are confused.