EUR/USD Forecast April 4, 2014, Technical Analysis

The EUR/USD pair initially try to rally during the session on Thursday, but fell hard enough to slam back into the 1.37 level. That area has been supportive several times now, and as a result we think it’s a natural place for this market to sit still before the nonfarm payroll numbers come out, but it appears if anything that it’s probably going to be easier to go higher from here rather than selloff. However, it until we get some type of decision on at what the economic announcement means, it’s probably best to sit outside of this market.