The EUR/USD pair fell rather significantly during the course of the week, slamming into the 1.10 level on the bottom. However, there is a significant
The EUR/USD pair fell rather significantly during the course of the week, slamming into the 1.10 level on the bottom. However, there is a significant amount of support in this area, so having said that it’s likely that we could bounce in the short-term. If we break down below the 1.09 level below though, the market should continue to go much lower. Any rally at this point in time should be a selling opportunity given enough time, as the market continues to prefer the US dollar overall, especially against the Euro.
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.
