EUR/USD Forecast May 13, 2016, Technical Analysis

The EUR/USD pair fell initially on Thursday, but found support just below the 1.14 level yet again. Ultimately, this market does look like it is going to go higher and try to reach towards the 1.15 handle, but I was an area that was quite a bit of resistance as well. With this being the case, I think that we are going to see short-term choppiness with a slight upward bias. If we can get a daily close significantly above the 1.15 handle, then the Euro could continue towards the 1.18 handle, but it is obviously going to take quite a bit of support and a momentum to do that.