EUR/USD Forecast March 23, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the session on Tuesday, testing the 1.12 level. We did find a bit of support just below though, so it looks like we could turn around and go higher. We are waiting to see some type of supportive candle in order to start buying, and that we would look to the daily and perhaps even for our charts for some type of hammer or impulsive candle to the upside. We think that the market will try to go back to the 1.13 level above, which is the target. Ultimately, we could break above there as well.