EUR/USD Forecast April 14, 2014, Technical Analysis

The EUR/USD pair went back and forth during the session on Friday, essentially settling nothing. At the end of the day, we still find yourselves bullish though, and it appears that a pullback could come though. That should give us an opportunity to start buying, as soon as we see support. If we get that, we would fully anticipate that this market could breakout to the upside, right around the 1.40 level. That area should start to offer a longer-term buy-and-hold type situation, but until then it looks as if this market is going to remain bullish.

 

EUR/USD Forecast April 14, 2014, Technical Analysis