EUR/USD Forecast May 2, 2016, Technical Analysis

The EUR/USD pair broke higher during the course of the session on Friday, as it looks like we are getting ready to break towards the 1.15 handle. Pullbacks at this point in time will be buying opportunities on signs of support and as a result we are “buy only” when it comes to the Euro. There is a lot of support below, and with that we think it will eventually be a market to break above resistance and continue to go much higher over the longer term. Selling at this point in time doesn’t seem to be much of an option.