EUR/USD Forecast April 27, 2017, Technical Analysis

The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support, but quite often these markets tried to fill these gaps, and therefore we could see a little bit of a sell off. I believe that should end up offering a buying opportunity underneath, so I’m waiting to see a supportive candle or a bounce to go long in this particular pair. I believe that the 1.0750 level underneath continues to be the “floor” in the market. - 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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