EUR/USD Forecast June 14, 2016, Technical Analysis

The EUR/USD pair broke higher during the day on Monday, testing the 1.13 level for resistance. Ultimately, the market has been rather impulsive to the upside previously, so if we can break above the top of the candle for the session on Monday, we can reach towards the 1.14 handle above. If we can break above there, the market should then reach towards the 1.15 handle. Ultimately, I believe that the Federal Reserve is in a situation where it’s going to struggle to raise interest rates as much as previously thought. With this, I am mildly bullish.

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