EUR/USD Forecast June 18, 2014, Technical Analysis

The EUR/USD pair fell during the course of the session on Tuesday, continuing the sideways consolidation area that we have been in for several days. The 1.35 level continues to be very supportive, so that being the case we feel that the market essentially is a going anywhere and will continue to go sideways overall. With that, this is a very short-term trader’s type of market, and with that being the case we have no real need to be involved in this market as it should continue to be very choppy overall.

 

EUR/USD Forecast June 18, 2014, Technical Analysis