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EUR/USD Forecast - 01.05.2015

The pair continues making its way higher last day, as the 1.12 level has been broken. Today is Labor Day and bank holiday in many counties like Italy, Switzerland, Germany, and France. It’s very unlikely that this market will be very liquid. Staying away from the market is highly recommended, but it should be kept in mind that from here there is a possibility of a pullback.

1.10 level below is supportive, selling is not highly recommended , but at this point in time we are starting to get to a significant resistance to the 1.15 . This market is about to become volatile, so hard time to come for traders to trade comfortably .

Friday, 01 May, 2015 / 9:13

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