EUR/USD Forecast July 28, 2014, Technical Analysis

The EUR/USD pair fell again during the session on Friday, breaking the bottom of the candle from the Thursday session, showing us that the market should continue to go lower. The 1.33 level below should be supportive though, and as a result we think that’s what the market is going to target. Ultimately, the market will probably bounce from there, binds it certainly is in a negative attitude at the moment. Any rally should continue to be a selling opportunity, unless of course we get back above the 1.3550 level, which would show a significant break of resistance.

 

EUR/USD Forecast July 28, 2014, Technical Analysis