EUR/USD Forecast December 3, 2013, Technical Analysis

The EUR/USD pair went back and forth during the session on Monday, ultimately falling through the 1.3550 level though. This rather bearish candle doesn’t really do much for us though, as we still see significant support below at the 1.35 handle. Quite frankly, we think this market will continue to chop around over the next couple of sessions, as we have the nonfarm payroll number coming out this Friday. Until then, we are slightly biased to the upside, but really don’t see any set up on this chart at the moment to get too excited about.

 

EUR/USD Forecast December 3, 2013, Technical Analysis

Written by FX Empire