EUR/USD Analysis (2016.03.18)

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EUR/USD Analysis (2016.03.18)

 

The EUR/USD pair rose during the course of the session on Thursday, testing the 1.13 handle. It now looks as if we are ready to go higher, but more than likely we will need to pull back a little bit in order to find a supportive candle to show that we are ready to go forward. With the Federal Reserve cutting back on interest-rate hikes for the year, it makes sense of this pair continues to grind its way towards the 1.15 handle. Pullbacks should be looked at as potential value in the Euro.

EUR/USD Chart

EURUSDH4

Source: FXEMPIRE

 

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