EUR/USD Forecast February 12, 2015, Technical Analysis

The EUR/USD pair did very little during the session on Wednesday, testing the 1.13 level yet again. This is the bottom of the market recently, and as a result if we break higher we believe that we will continue the consolidation that we have been seeing over the last several sessions. We believe that the market will then head to the 1.15 handle, where there should be a significant amount of resistance. If we get that resistance, we would be sellers of resistive candles as the sellers should step back in there.

 

EUR/USD Forecast February 12, 2015, Technical Analysis