EUR/USD Forecast April 27, 2017, Technical Analysis

EUR/USD daily chart, April 27, 2017

The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support, but quite often these markets tried to fill these gaps, and therefore we could see a little bit of a sell off. I believe that should end up offering a buying opportunity underneath, so I’m waiting to see a supportive candle or a bounce to go long in this particular pair. I believe that the 1.0750 level underneath continues to be the “floor” in the market.

Written by FX Empire