EUR/USD Forecast February 13, 2017, Technical Analysis

The EUR/USD pair initially fell during the day on Friday, but found enough support to turn around and form a hammer. It is because of this I think we continue to grind back and forth with a slightly negative bias. I’m not going to be bothered trading this pair, and I also recognize that we need some type of impulsivity to send this market in one direction or the other. Short-term scalping back and forth is probably the best way to go, but currently I feel there are much easier trades to take.

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