EUR/USD Forecast April 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 April 2016 06:03 UTC
The EUR/USD pair initially fell during the course of the day on Tuesday, but turned right back around to form a bit of a hammer. That hammer suggests that we are going to try to go higher and with the FOMC Meeting Minutes coming out during the day today, we could see a bit of a selloff in the US dollar anyway. That almost always shows itself in the Euro right away, and could have the market looking for the 1.15 handle next. Looking around the Forex world, it appears that the Euro is starting to get a bit of a bid anyway.

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