EUR/USD Forecast October 12, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The EUR/USD pair looked very strong during the session on Thursday as we popped from the lows. However, we still see quite a bit of noise above, and as such are not overly excited about buying this pair. We think there are much easier ways to play the Euro, and as such we will continue to look for them outside of the market against the US dollar.

With the headline risks out there could be sudden floods of money into the United States. With that being said, you can find yourself on the wrong side of the trade rather quickly and this particular market. We don’t think that the issues in Europe are anywhere near being fixed, and as long as that’s the case, there will be sudden moves against the common currency. It’s

 

EUR/USD Forecast October 12, 2012, Technical Analysis

EUR/USD Forecast October 12, 2012, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.