EUR/USD Forecast February 24, 2014, Technical Analysis

The EUR/USD pair went back and forth during the session on Friday, ultimately settling on a slightly positive candle. The market of course is stuck between the 1.37 level on the bottom, and the 1.38 level on the top. This looks like a market that is going to continue to grind sideways in a fairly tight range, and as a result we have no real interest in trading this market right now. Ultimately, we need to see an impulsive candle in one direction or the other in order to be interested in risking any real trading capital.