EUR/USD Forecast June 11, 2014, Technical Analysis

The EUR/USD pair fell during the course of the session on Tuesday, but still above the 1.35 handle. This is the area that we believe should be the absolute “floor” in this market, and because of that we are actually waiting to see if we get a supportive candle in order to start buying. That being the case, we are going to be on the outside looking in until we test the 1.35 level. On a close below there, we would be sellers that the market should head much further to the downside.

 

EUR/USD Forecast June 11, 2014, Technical Analysis