The EUR/USD pair initially tried to rally during the course of the week but struggled after words coming out of the ECB suggested that it was willing to
The EUR/USD pair initially tried to rally during the course of the week but struggled after words coming out of the ECB suggested that it was willing to lower interest rates as well as anything else needed to fight lack of inflation. With this being the case, we did up forming a bit of a shooting star we may very well drop from here. However, there is quite a bit of support below, so having said that it’s probably going to be easier to trade this market from the short-term charts as we expect to see quite a bit of volatility.
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.
