EUR/USD Forecast June 15, 2016, Technical Analysis

The EUR/USD pair fell during the day on Tuesday, slicing through the 100 day exponential moving average. However, there is quite a bit of support and noise just below the 1.12 level, so it’s likely that we will see quite a bit of volatility. Ultimately, we get the FOMC Statement coming out today and that will more than likely be what drives his pair more than anything else. With this being the case, I believe that we will test the support below, but if it holds it could be an excellent buying opportunity.