EUR/USD Forecast April 13, 2017, Technical Analysis

EUR/USD daily chart, April 13, 2017

The EUR/USD pair had a slightly positive session on what would have been a basically quiet session during the Wednesday trading session. I believe that the market still has a lot of negative pressure on it though, and as a result I believe that a breakdown below the 1.0580 level sends this market lower. Alternately, if we can break above the 1.07 handle, I feel that the market continues to go higher. Expect a lot of choppiness and noise when it comes to the headlines out there, as the market is looking for direction.

Written by FX Empire