The EUR/USD pair initially tried to rally during the course of the week, but turned back around to form a negative candle. A break down below the bottom
The EUR/USD pair initially tried to rally during the course of the week, but turned back around to form a negative candle. A break down below the bottom of the candle fits in this market even lower, but quite frankly this market is far too tight for longer-term traders to be bothered with in our opinion. With this, we will look to short-term charts in order to trade the Euro, but until then we will simply sit on the sidelines and wait to see whether or not we get some type of longer-term signal.
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.
