EUR/USD Forecast May 27, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the session on Thursday, but struggled at the 1.1250 region. That’s an area that has seen quite a bit of noise lately, so having said that we need to get above there in order to feel comfortable buying. Short-term resistive candles could be selling opportunities, so this point in time it will look very likely offer a short-term selling opportunity as we would reach closer towards the 1.10 level given enough time. If we can break above the aforementioned 1.1250 level, then we should reach towards the 1.1350 handle.