EUR/USD Forecast April 19, 2016, Technical Analysis

The EUR/USD pair rose during the day on Monday, as we continue to find buyers in this market. We are broken above the top of the shooting star from Friday, so it does look very bullish, and as a result we feel that the EUR/USD pair will more likely than not reach towards the 1.14 level. Pullbacks will continue to be buying opportunities on short-term charts, and eventually we feel that this market will probably make a serious attempt at reaching the 1.15 level. It will be choppy though, and as a result it’s likely that the short-term traders will continue to be attracted to this particular pair.