EUR/USD Forecast October 14, 2013, Technical Analysis

The EUR/USD pair rose during the session on Friday, but gave back about half the gains in order to form something along the lines of the shooting star. That being the case, looks like the market struggle to go little bit higher, but there is enough support at the 1.35 handle that we do not short this market. That being the case, we are using short term charts in order to enter on supportive candles, and firmly believe that we will continue to bang back and forth between the 1.35 level on the bottom, and the 1.36 level on the top in the short term.

 

EUR/USD Forecast October 14, 2013, Technical Analysis

Written by FX Empire