EUR/USD Forecast April 5, 2017, Technical Analysis

The EUR/USD pair initially fell during the day on Tuesday, but found support at the 1.0650 level to turn around and form a slightly supportive candle. If we can break down below that level, I believe that the market will then reach towards the 1.05 handle over the next couple of weeks. Alternately, if we can rally from here I’m going to be looking for selling opportunities if we can stay below the 1.0750 level. Above there, I would then switch to being a buyer. Either way, expect a lot of volatility over the next week or so.