The EUR/USD pair initially fell during the course of the day on Monday, but found enough support at the lows again to bounce. Ultimately, looks like we
The EUR/USD pair initially fell during the course of the day on Monday, but found enough support at the lows again to bounce. Ultimately, looks like we could bounce a little further but I’m waiting to see whether or not we get an exhaustive candle above that I can start selling. Alternately, and exhaustive candle somewhere closer to the 1.10 level should offer perceived “value” in the US dollar going forward. I have no interest whatsoever in buying the Euro at the moment, as I believe we are eventually going to reach down to the 1.05 level below.
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.
