EUR/USD Forecast February 10, 2016, Technical Analysis

The EUR/USD pair initially tried to fall during the course of the day on Tuesday, but turned back around to form a very bullish candle. We even broke above the 1.13 level, and it now looks as if we are going to try to go to the 1.15 handle above there. Pullbacks should continue to be buying opportunities going forward, and the 1.1050 level below should continue to be the “floor” in this market. Ultimately, this is a market that will continue to find buyers but will probably also have quite a bit of volatility as well.

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