EUR/USD forecast for the week of August 10, 2015, Technical Analysis
The EUR/USD pair initially fell during the course the week but turned back around after the Nonfarm Payroll Numbers on Friday. With this, we did up racing back towards the 1.10 level which is essentially “fair value” in this market. After all, we been consolidating between the 1.08 level on the bottom, and the 1.12 level on the top for some time now. With that being the case, we simply do not see long-term trades in this market quite yet, and therefore will stick to short-term charts as scalpers run this particular pair.