EUR/USD Forecast April 8, 2015, Technical Analysis

The EUR/USD pair fell hard during the session on Tuesday, testing the 1.08 handle. With fact, it appears that the market will continue to sell off the Euro, and it now looks like the area is ready to continue going much lower. The fact that we are closing at the very bottom of the range for the day suggests that the market is going to continue going much lower. If we rally at this point in time, we are looking for resistive candles in order to continue selling as the downtrend will certainly looks ready to continue.

 

EUR/USD Forecast April 8, 2015, Technical Analysis