EUR/USD Forecast April 7, 2017, Technical Analysis

EUR/USD daily chart, April 07, 2017

The EUR/USD pair continues to find support at the 1.0650 level, as we bounced enough to form a supportive candle yet again. Because of this, I believe that the currency pair is waiting for jobs number out of the United States to make a move. I will not put money to work in this pair until we get those figures and more importantly we get the daily close on Friday. With this in mind, I am neutral and flat of this currency pair at the moment but will look at the daily chart for direction after the close of business.

Written by FX Empire