EUR/USD Forecast March 15, 2016, Technical Analysis

The EUR/USD pair fell during the course of the day on Monday, but we are approaching a bit of support at the 1.1050 level, so at this point in time we will more than likely find a supportive candle in order to start buying again. We have broken out recently, and to come back down here to retest that previous resistance for support is classic technical analysis. At this point, we don’t have the right candle to start buying though, so with this we are on the sidelines and simply waiting to see whether or not the buyers return.