EUR/USD Forecast April 16, 2014, Technical Analysis

The EUR/USD pair went back and forth during the session on Tuesday, forming a very neutral candle. Because of this, we feel that the market simply isn’t going to do my share, and quite frankly is probably finding a significant amount of support up to 1.38 handle, perhaps enough to bring the buyers back into the fold given enough time. We believe that there’s a significant amount of noise just below, so selling of course can be done. Break ire, we think that the gap will be filled from the weekend. That of course is a short-term trade, but that’s all we see the moment.