EUR/USD Forecast March 24, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough support below to turn things back around and form a bit of a hammer during the day. By doing so, it appears that the hammer should signify that we are ready to bounce again. A break above the top of that hammer has us buying this market as we should then reach towards the 1.13 level over the longer term. With that, we are bullish but we also recognize that the market will probably continue to have quite a bit of volatility. Nonetheless though, we are bullish.