EUR/USD Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:31 UTC
The EUR/USD pair broke higher during the day on Monday, testing the 1.13 level for resistance. Ultimately, the market has been rather impulsive to the upside previously, so if we can break above the top of the candle for the session on Monday, we can reach towards the 1.14 handle above. If we can break above there, the market should then reach towards the 1.15 handle. Ultimately, I believe that the Federal Reserve is in a situation where it’s going to struggle to raise interest rates as much as previously thought. With this, I am mildly bullish.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.