EUR/USD Forecast February 14, 2014, Technical Analysis

The EUR/USD pair rose during the session on Thursday, breaking above the highs from the Wednesday session, and more importantly piercing above the highs from the Tuesday shooting star. However, the 1.37 level has offered resistance yet again, so whether or not we break out much higher is a completely different question. In the end though, we believe there is a massive amount of support for this market below now, and resistance above. With that being said, expect this market to be far too choppy to be one that you should be bothered with at the moment.

 

EUR/USD Forecast February 14, 2014, Technical Analysis