The EUR/USD pair fell during the day on Monday, but did get a little bit of a left towards the US afternoon as the 1.09 level offers quite a bit of
The EUR/USD pair fell during the day on Monday, but did get a little bit of a left towards the US afternoon as the 1.09 level offers quite a bit of support. Ultimately, I believe that this market will try to break above the 1.10 level, but there is a significant amount of resistance in that area. An exhaustive candle could be a selling opportunity, and as a result we could reach back down to the 1.0850 level. It is not until we break above the 1.1075 level that I think we can start buying with any type of confidence.
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.
