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EUR/USD Forecast March 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 06 March 2016 07:49 UTC
The EUR/USD pair had a volatile session during the day on Friday, ultimately forming a slightly positive candle. This market looks as if it is going to struggle at the 1.1050 level above. Once we get above there though, this market should continue higher, and reach towards the 1.13 level after that. The market could pull back, but should find support as well below here. The 1.08 level is essentially the “floor” in this market, and should continue to be. For what it’s worth, the weekly candle is a hammer, which of course is bullish.

 

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