EUR/USD Forecast March 21, 2016, Technical Analysis

The EUR/USD pair fell during the course of the session on Friday, as the 1.13 level continues offer quite a bit of resistance. With this, the market looks like it is going to drift lower but we believe that the will be more than enough support below, and as a result we are willing to buy supportive candles at lower levels. We’ve no interest in shorting this market, we recognize that the Federal Reserve cutting back on interest-rate expectations will of course continue to work against the US dollar and we believe that the Euro is heading to the 1.15 level over time.