EUR/USD Forecast August 14, 2014, Technical Analysis

The EUR/USD pair continues on bearish as we initially rallied during the day on Wednesday, only to turn back around and form a massive shooting star. The candle forming where it does suggests that we are in fact going to continue to pressure the marketplace to hit the 1.33 level. We do suspected that area to be very supportive though, so as a result we are hesitant to sell in this general vicinity until we clear that level to the downside. With that, we believe the market would then head to the 1.30 handle.

 

EUR/USD Forecast August 14, 2014, Technical Analysis