The EUR/USD pair fell during the course of the week, testing the 1.12 level. This is a market that has tested this area previously, and it of course looks
The EUR/USD pair fell during the course of the week, testing the 1.12 level. This is a market that has tested this area previously, and it of course looks like the buyers get involved down there. That being the case, if we get some type of supportive candle, we would be willing to start buying. If we break down below the bottom of the range for the week, we could then reach down towards the 1.10 level, an area that’s been very supportive. It probably is going to be easier to trade off of the daily chart than the weekly.
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.
