EUR/USD Forecast April 12, 2017, Technical Analysis

The EUR/USD pair rallied on Tuesday, breaking above the top of the range from the Monday session and showing that the 1.06 level was in fact going to be supportive. Having said that, I still believe that we are more than likely going to find exhaustion above, and would sell exhaustive candle is. I still think that the market is going to attempt to reach towards the 1.05 level over the longer term. It will be choppy in the meantime though, so keep that in mind as the volatility will more than likely pick up. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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