The EUR/USD pair broke higher during the course of the week, clearing the 1.12 level significantly, and tested the 1.1350 level above. That is an area
The EUR/USD pair broke higher during the course of the week, clearing the 1.12 level significantly, and tested the 1.1350 level above. That is an area that I had anticipated being the target, once we broke out. We hit that area, and started to pull back a little bit so at this point in time I think that the market will probably try to pullback in order to build up enough momentum to break out to the upside. I still believe that this market is easier to trade off of the daily charts than the weekly charts though.
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.
