The EUR/USD pair broke out to the upside during the course of the week, clearing the 1.1050 level. Because of this, the market looks as if it is ready to
The EUR/USD pair broke out to the upside during the course of the week, clearing the 1.1050 level. Because of this, the market looks as if it is ready to continue to try to go higher, but it should be rather resistive all the way up to the 1.15 handle. Pullbacks will offer buying opportunities, but quite frankly we think it’s easier to play this market off of the daily charts instead of the weekly chart. We have no interest in selling at this moment in time as the market seems to be so well supported.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
