EUR/USD Forecast April 6, 2017, Technical Analysis

EUR/USD daily chart, April 06, 2017


The EUR/USD pair went back and forth during the trading session on Wednesday, as we continue to stagnate near the 1.0650 handle. I think that this market is simply consolidating in a very tight range and should continue to do so. However, if we break down below the hammer from the Tuesday session, I would be a seller. Alternately, if we break above the shooting star from the Friday session of last week, I believe the market will reach towards the 1.0750 handle. Either way, at this point I do not have any money in the market.

Written by FX Empire