EUR/USD Forecast June 23, 2015, Technical Analysis

The EUR/USD pair fell during the day on Monday, but continues to find plenty of support. We believe that ultimately that this market breaks out to the upside but it has to clear the 1.15 level to indicate that it’s time to hang on for any real length of time. In the meantime, we think that anytime this market pulls back on the short-term chart, you have to be thinking about buying a house the market is so well supported. We have no interest whatsoever in selling this pair now as there is so much in the way of support below.

 

EUR/USD Forecast June 23, 2015, Technical Analysis