EUR/USD Forecast April 28, 2014, Technical Analysis

The EUR/USD pair rose during the session on Friday, but as you can see gaveback quite a bit of the gains. In the end, we ended up forming a shooting star, but there so much in the way of shooting stars and hammers in the past several sessions, we feel that this market is essentially going to be difficult to trade. Quite frankly, we are not interested in we feel that the market should continue to be avoided at this moment time at least until we get some type of impulsive candle in one direction or the other.

 

EUR/USD Forecast April 28, 2014, Technical Analysis