EUR/USD Forecast February 15, 2016, Technical Analysis

The EUR/USD pair fell during the course of the session on Friday, showing real signs of volatility. Ultimately though, we believe that there is more than enough support below to turn this market back around and continue to push the value of the Euro higher. We are simply waiting to see whether or not we get a supportive candle in order to start buying. We believe that the 1.1050 level continues to be massively supportive, and as a result we are simply waiting to see whether or not we get the supportive candle or the bounce in order to start going long yet again.