EUR/USD Forecast April 12, 2017, Technical Analysis

EUR/USD daily chart, April 12, 2017

The EUR/USD pair rallied on Tuesday, breaking above the top of the range from the Monday session and showing that the 1.06 level was in fact going to be supportive. Having said that, I still believe that we are more than likely going to find exhaustion above, and would sell exhaustive candle is. I still think that the market is going to attempt to reach towards the 1.05 level over the longer term. It will be choppy in the meantime though, so keep that in mind as the volatility will more than likely pick up.

Written by FX Empire