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.
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.
