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.
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.
