EUR/USD forecast for the week of May 30, 2016, Technical Analysis

The EUR/USD pair fell slightly during the course of the week, as we continue to grind lower. At this point in time, we think that the market could very well struggle and continue to fall from here. However, there should be a significant amount of support near the 1.10 level below, so more than likely we will bounce from there, so this is going to be a market that although volatile, certainly looks like it’s going to continue to be bearish. Quite frankly, we prefer to trade this market off of shorter-term charts though.