EUR/USD Forecast October 7, 2013, Technical Analysis

EUR/USD fell hard during the session on Friday, as the lack of nonfarm payroll numbers probably played into the hands of the US dollar. After all, there was nothing to complain about when it came to the employment picture. This being said, the market look like it was ready for a little bit of a pullback anyway, but we feel that the 1.35 level will be supportive and therefore there is probably a buying opportunity just below. That’s exactly what waiting for some type of supportive candle in order to start buying again.

 

EUR/USD Forecast October 7, 2013, Technical Analysis

Written by FX Empire