EUR/USD Forecast April 21, 2017, Technical Analysis

EUR/USD daily chart, April 21, 2017

The EUR/USD pair broke higher during the session on Thursday, breaking above the 1.0750 level. Because of this, the market looks as if it is ready to continue going higher, perhaps reaching towards the higher part of the previous channel, as we should then go to the 1.09 handle. I believe short-term pullbacks are buying opportunities, as this pair looks like it is going to continue grinding its way to the upside, but quite frankly I’m not looking for explosive moves, just a gentle grind to the up side over the longer term.

Written by FX Empire