EUR/USD Forecast June 8, 2016, Technical Analysis

The EUR/USD pair failed to move again during the day on Tuesday, as we are simply grinding sideways. We had a very impulsive move on Friday, but since then haven’t done much. It appears the market is struggling with the 1.14 level, and as a result we may have to pull back a little bit in order to start buying again. A pullback and a supportive candle could be a sign of value that the market is attracted to. Nonetheless, one thing that we can count on is going to be quite a bit of volatility.