EUR/USD Forecast March 17, 2016, Technical Analysis

The EUR/USD pair fell during the course of the session on Wednesday, testing the 1.1050 level. This is an area that had previously been resistive, and it should now be support. We did bounce from there, and therefore looks as if we could go higher from here if we can break above the top of the range for the session on Wednesday itself. With this, we believe that the market will eventually go higher but at this point in time we do not have the signal to start going long quite yet.