EUR/USD Forecast August 13, 2015, Technical Analysis

The EUR/USD pair broke higher during the course of the session in a massive show strength on Wednesday. The 1.12 level was targeted and head, but it offered enough resistance to turn the market back around and keep the market below the 1.12 level. With that, we are looking for resistive candle in order to sell this market, or we are willing to start buying this pair if we can break above the 1.12 level for at least 4 hours, if not longer than that. Ultimately though, it would make sense if we pullback as we are in the middle of summer.