EUR/USD Forecast February 5, 2014, Technical Analysis

The EUR/USD pair continues to meander around the 1.35 handle, as the Tuesday session provided little in the way of volatility. Because of this, I am more and more convinced that the market is essentially going to hang out in the general vicinity until we get the nonfarm payroll number. That of course is this Friday, and as a result there will more than likely be very little to trade in this market between now and then. If we make a fresh new low, that of course should send this market lower, and possibly looking for the 1.33 level, but that seems unlikely at this point.