The EUR/USD pair broke higher during the course of the day on Wednesday after initially touching the support level just above the 1.10 handle that we had seen during Tuesday’s trading. With this, it appears that the market is going to try to reach towards the 1.12 handle and as a result we are bullish on short-term pullbacks. We would be buyers of the market, but we also recognize that it’s going to be choppy and you will have to look to short-term charts in order to take advantage of any buying opportunities.
EUR/USD Forecast August 20, 2015, Technical Analysis