EUR/USD Forecast February 4, 2016, Technical Analysis

The EUR/USD pair broke down during the day on Wednesday, slicing through the 1.1050 level at one point during the day. Because of this, looks as if the market is ready to continue going higher, and therefore any pullback at this point in time would have to be thought of as value in the Euro. This is what we’ve been waiting for, some type of impulsive move in one direction or the other and it appears that the buyers have fallen taken control at this point in time. We have no interest in selling now.