EUR/USD Forecast April 20, 2017, Technical Analysis

EUR/USD daily chart, April 20, 2017

The EUR/USD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December. Nonetheless, I think that it will be volatile so you’re going to have to be able to deal with the line of choppiness to the upside. A break above the 1.0750 level since this market higher, and in the meantime if you are not already long of the market, a supportive candle could be the signal you’re looking for on short-term charts. Alternately, if we break down below the 1.0650 level, we will probably reach towards the 1.06 handle underneath.

Written by FX Empire