EUR/USD Forecast July 3, 2014, Technical Analysis

The EUR/USD pair fell during the session on Wednesday, testing the 1.3650 handle. That level of course was a resistance area, and breaking above it was significant as well. The fact that we are starting to find a little bit of support here suggests that perhaps the Euro is ready to continue going higher. However, we need to see a break above the 1.3750 level in order to be comfortable buying. As far selling is concerned, we have no action doing so at the moment as it is much easier initially Euro against the Pound at the moment.

 

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