EUR/USD Forecast August 27, 2015, Technical Analysis

The EUR/USD pair fell hard during the course of the day on Wednesday, slicing through the 1.14 level during the trading session. We are currently trying to figure out whether or not there is going to be support here to cause the market to bounce. Quite frankly, we need to see support arrives soon, or we could be at risk of recently suffering a “false break out.” With all of the volatility in the market at the moment, we actually prefer to be at the sidelines waiting for someone to make the decision as to which direction we go, and then we will simply follow. This is a very dangerous currency pair to be involved in at the moment.