EUR/USD Forecast May 1, 2017, Technical Analysis

The EUR/USD pair rallied initially on Friday, breaking above the 1.09 handle. We continue the consolidation that we have seen all week, and it now looks as if we are starting to roll over slightly. If we do drop from here, I expect to see quite a bit of support near the 1.0750 level, and therefore look at it as a buying opportunity. One thing I think you can count on is choppiness, that seems to be the norm for the currency pair over the last year or so, and I think that isn’t going to change. - 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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