EUR/USD Forecast April 29, 2016, Technical Analysis

The EUR/USD pair went back and forth during the course the day on Thursday as we continue to grind away. However, there is a lot of volatility, and as a result we could be trying to break out to the upside but there is a massive amount of resistance all the way from the 1.14 level to the 1.15 level above there. With that, it is going to struggle but eventually the Euro should continue to find buyers and perhaps even break out for a longer-term buy-and-hold situation. Pullbacks at this point should struggle with the support below.