EUR/USD Forecast October 9, 2013, Technical Analysis

The EUR/USD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a hammer and show significant signs of support. Because of this, we think that the market will see buyers every time it dips, and as a result we are bullish of the Euro against the Dollar overall. On top of that, we think that the 1.35 level will continue to offer support, so if we get a pullback to that area would become especially interested in supportive candles.

 

EUR/USD Forecast October 9, 2013, Technical Analysis

Written by FX Empire