EUR/USD Forecast April 26, 2016, Technical Analysis

The EUR/USD pair rose during the course of the session on Monday, as we continue to see support just below. The 1.12 level has offered enough support to cause a bit of a bounce, and it should in theory continue to see upward pressure in a market that tries to reach towards the 1.14 handle. If we can break above there, we could very well try to go to the 1.15 handle. If we break above there, the market should continue to go much more higher on a “buy-and-hold” type of move.