EUR/USD Forecast March 24, 2014, Technical Analysis

The EUR/USD pair rose slightly during the session on Friday, but essentially sat still. We are right at the 1.38 handle, an area that has been supportive in the past. However, we do not have a set up at the moment that suggests we should buy or sell. Nonetheless though, we feel that the market should make a significant decision soon, but we believe that the next couple of sessions could be a bit choppy as we try to decide which direction the markets going to go longer term. With that being the case, we are on the sidelines.

 

EUR/USD Forecast March 24, 2014, Technical Analysis