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EUR/USD forecast for the week of April 11, 2016, Technical Analysis
Published: Apr 9, 2016, 05:59 GMT+00:00
The EUR/USD pair went back and forth during the course of the week, settling on a neutral candle. The 1.14 level should continue to be the beginning of
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The EUR/USD pair went back and forth during the course of the week, settling on a neutral candle. The 1.14 level should continue to be the beginning of significant resistance, which of course extends all the way down to the 1.15 handle. With this being the case, we have no interest whatsoever in going long until we get above the 1.15 handle. As far as pullbacks are concerned, we could find support below that would offer enough value to start buying again as the pair has certainly shown quite a bit of strength recently.
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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