EUR/USD Forecast for July 7, 2014, Technical Analysis

The EUR/USD pair fell during the session on Friday, but needless to say since the Americans were celebrating Independence Day, liquidity would have been a bit of an issue. We are starting to bounce around the 1.36 level, so it’s possible we could get a bounce from here, but at the end of the day we believe that the market is still pretty tight, therefore aren’t necessarily interested in trading the parent the moment. Ultimately though, we would be very interested in buying this market on a supportive candle closer to the 1.35 handle, as it has been so supportive.

 

EUR/USD Forecast for July 7, 2014, Technical Analysis