EUR/USD Forecast April 28, 2017, Technical Analysis

The EUR/USD pair tried to rally on Thursday, but found enough resistance above the 1.09 level to turn things around and form a negative candle. There is a massive gap underneath, and you should pay attention to the fact that it is there. Because of this, even if we fall to fill that gap, I believe there’s plenty of support underneath to offer buying opportunities. However, we do not have the right supportive candle to take advantage of that so sitting on the sidelines will probably be the best way to approach this market.