The EUR/USD pair fell slightly during the course of the session on Friday, as we continue to see bearishness. However, there is a massive amount of
The EUR/USD pair fell slightly during the course of the session on Friday, as we continue to see bearishness. However, there is a massive amount of support near the 1.10 level below, so we are not expecting any type of meltdown. That being the case, the market will be negative, but ultimately there is far too much support below to keep this market from falling to significantly. Short-term back and forth type of trading with a negative bias is probably what we can count on over the next several sessions. At this point, volatility is the only constant.
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.
