EUR/USD Forecast March 14, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the session on Friday, turning back around to form a bit of a hammer. The hammer of course is a very bullish candle, so if we can break above the top of a believe that the market should continue to go higher, perhaps reaching to the 1.13 level given enough time. Ultimately, this is a market that certainly looks like it’s ready to break out to the upside, perhaps even going higher than we’ve recently seen and reaching towards the 1.15 level. We do not have any interest in selling at the moment.