EUR/USD Forecast May 18, 2016, Technical Analysis

The EUR/USD pair rose slightly during the course of the day on Tuesday, as we continue to bounce around off of the 1.13 level. Ultimately, this is a market that will try to get to the 1.14 level above, and perhaps even the 1.15 level given enough time. Even if we fall from here, there is a significant amount of support at the 1.12 level that could continue to offer support as well. At this point though, it’s really not a market that we are willing to risk money in as it seems to be a bit shiftless.

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