Good day to all readers.

It is mid week and I hope you are green with pips! Do remember to trade with logic not emotions 😉

It our previous reviews we noted on the ranging nature of the currency pair.

Looking at the 4 hourly chart above, we noted a spike up and a subsequent ease down to the pivot region of 1.10633.

The current level may be a support. It is near the middle bollinger band which sometimes function as an ad hoc pivot. Both ends of the bollinger band serves as a reference to possible limits of the range.

We are expecting US unemployment claims later in the week. Unexpected outcomes may move the currency pair. Trade safely.

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EUR/USD Forecast 13 July 16

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