EUR/USD Forecast April 8, 2016, Technical Analysis

The EUR/USD pair went back and forth during the course of the session on Thursday, showing that we continue to struggle at the 1.14 level. The market looks as if there is quite a bit of resistance there, as we have seen previously. A pullback is very likely, but there should be buying pressure underneath so we are willing to buy supportive candles on a pullback. We recognize that there is a lot of resistance between the 1.14 level and the 1.15 level above though. We have no interest in selling at this point in time.