By FXEmpire.com
The EUR/USD pair struggled during most of the week, even while it rallied. The pair managed to form a shooting star at the bottom of the recent trading range, and now sits atop the 1.30 level that has been so supportive. Because of this, we think this pair is getting weaker, but we need to see our level broken to the downside first in order to sell. With this in mind, we see 1.30 as crucial to the outcome in this pair. On a break lower and a daily close, we are sellers. On a break higher, we are looking for weakness to sell as this pair certainly feels heavy at the moment.
EUR/USD Forecast for the Week of April 16, 2012, Technical Analysis
Originally posted here
