The EUR/USD pair initially tried to rally during the course of the week, but then turn right back around as the 1.15 level offered far too much in the way
The EUR/USD pair initially tried to rally during the course of the week, but then turn right back around as the 1.15 level offered far too much in the way of resistance. The market then dropped below the 1.13 handle, but did find a little bit of support on Friday. In other words, we do have a negative candle, but ultimately it looks as if there is more than enough support below to continue to put a little bit of bullish pressure on this market. Nonetheless, we believe that the market needs to be traded from shorter-term charts.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
