EUR/USD Daily Forecast – 15 February

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Friday, Feb 12 2016

Euro was pushed lower in the course of the Friday's session, testing 1.12 level as a support, with pair rebounding . However, this pullback should just be seen as a buying opportunity, as long as pair is above 1.10 handle. On Monday, we can expect some amount of support around 1.12 handle, previous resistance and Friday's low, and resistance above 1.13 handle, and 1.1350 handle in extension.

In long-term trends, ever since we broke consolidation area, we have no interest in selling this pair, especially with yesterday's hammer. Supportive candles on pullbacks would offer buying opportunity as well as break above recent highs. We believe that pair could now aim towards 1.15 handle.

More in this category: « GBP/USD Daily Forecast – 15 February AUD/USD Daily Forecast – 16 February »

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