EUR/USD Forecast February 26, 2016, Technical Analysis

The EUR/USD pair fell initially during the course of the session on Thursday, but turned back around to form a hammer yet again. We have done this for the last three days, and that of course is a very bullish sign. At this point in time, if the Euro can rise above the 1.1050 level, we believe that this pair will then reach towards the 1.13 handle above. There seems to be quite a bit of support below, so this point in time we aren’t necessarily looking to sell this particular pair.