EUR/USD Forecast April 21, 2014, Technical Analysis

The EUR/USD pair did nothing during the session on Friday, as the Good Friday holiday of course would have drained a lot of liquidity out of the marketplace. With that, we feel that the market looks like it’s ready to drop from here, but there is a significant amount of support just below. With this, it’s really difficult to get overly excited about this market place as we believe there will be a lot of back and forth in the general vicinity. Quite frankly, we don’t like this market all and will remain on the sidelines until we get some type of large impulsive candle.