EUR/USD Forecast March 2, 2016, Technical Analysis

The EUR/USD pair fell initially during the day on Tuesday, but found a little bit of support just above the 1.08 level to turn things around and form a hammer. By doing so, looks like we will more than likely bounce from here, perhaps trying to reach back towards the 1.10 handle. On a break above the top of the range for the day on Tuesday, we are buyers. On the other hand, if we break down below the 1.08 level, that would be very negative and would have us selling this market rapidly.