The EUR/USD pair fell slightly during the day on Thursday, but continues to find support just below. Because of this, I think that it is only a matter of
The EUR/USD pair fell slightly during the day on Thursday, but continues to find support just below. Because of this, I think that it is only a matter of time before the buyers get involved again. With this in mind, I am willing to go long of this market but I would anticipate that there would be quite a bit of choppiness ahead of us. I think that the 120 level is the “floor” in this market, and thus if we stay above there the uptrend is very much intact and very healthy.
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.
