EUR/USD Forecast August 22, 2016, Technical Analysis

The EUR/USD pair fell significantly during the day but did bounce a bit by the end of the day on Friday. By doing so, looks as if we are trying to build up enough momentum to finally break above the 1.1350 level, but with this being the case I have to admit that there is quite a bit of resistance above. I think that given enough time we will find momentum on pullbacks, so that might be the easiest way to trade this market, simply buying those pullbacks for short-term moves.