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EUR/USD Forecast March 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 29 March 2016 06:28 UTC
The EUR/USD pair rose during the course of the day on Monday, as we see quite a bit of support at the 1.1150 level. This is a market that should continue to grind higher, and as a result we should then reach towards the 1.13 level above. Pullbacks continue to have quite a bit of support, as there is quite a bit of bullish pressure due to the fact that the Federal Reserve now looks very likely to step away from several interest-rate hikes later this year. We have no interest in selling and believe that the 1.1050 level below is massively supportive.

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