EUR/USD Forecast July 22, 2014, Technical Analysis

The EUR/USD pair tried to rally during the session on Monday, but as you can see the market failed to hang onto the gains, and we turned around and form a shooting star. The shooting star of course tells us that the market should continue to struggle around this area. If we get below the 1.35 handle, we feel that this market goes to the 1.33 level. On the other hand, if we break the top of the shooting star on Monday, the market would in fact continue to bounce around in this general vicinity, and probably head to the 1.36 handle.

 

EUR/USD Forecast July 22, 2014, Technical Analysis