EUR/USD Forecast April 10, 2014, Technical Analysis

The EUR/USD pair rose during the session on Wednesday, continuing the bullish move that we’ve seen over the last three sessions. We are now heading towards the 1.3850 level, an area that could probably offer quite a bit of resistance. If we can get above this area, the market should head to the 1.3950 level, but the easy move has already happened. Pullbacks should more than likely be offering buying opportunities going forward, at least until we break down below the hammer from the Friday session of last week. Selling is not an opportunity for us.3

 

EUR/USD Forecast April 10, 2014, Technical Analysis