EUR/USD Forecast July 14, 2014, Technical Analysis

EUR/USD pair went back and forth during the course of the session on Friday, essentially hugging the 1.36 level again. That being the case, the market still seems like it’s essentially stuck at fair value, as the resistance above and the 1.37 level and the support at the 1.35 level continues to contain the market. With this, we don’t really see much in the way of trading opportunities unless we reach one of those extremes, as we are nowhere near at the moment. However, we will continue to watch this market going forward.

 

EUR/USD Forecast July 14, 2014, Technical Analysis