EUR/USD Forecast April 7, 2016, Technical Analysis

The EUR/USD pair initially fell during the day on Wednesday, but turn right back around to form a fairly bullish candle. Because of this, it looks as if the Euro is trying to reach towards the 1.15 level above, which has been massively resistive in the past. We don’t have any interest in selling, we think that there is more than enough support below and of course bullish pressure to continue to offer buyers every time this market pulls back. Eventually, we could break above the 1.15 level which of course would be a longer-term “buy-and-hold” type of situation.