The EUR/USD pair initially tried to rally during the course of the week and then fell rather significantly towards the 1.1150 level. A break down below
The EUR/USD pair initially tried to rally during the course of the week and then fell rather significantly towards the 1.1150 level. A break down below there should send this market looking for the 1.10 level given enough time, but having said that I think that you may be better served to offer short-term charts if you are trying to short the Euro. However, there is a possibly we get a bit of a bounce, so quite frankly it’s always impossible to deal with this market from a longer-term perspective at this point.
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.
