The EUR/JPY pair fell initially during the session on Wednesday, but found enough support to turn around and form a positive candle again. I believe that
The EUR/JPY pair fell initially during the session on Wednesday, but found enough support to turn around and form a positive candle again. I believe that the EUR/USD pair will continue to go higher but there is quite a bit of noise above, so it’s not can be an easy move. However, if you can sit through the volatility and think more long-term, this might be a buying opportunity as the EUR/JPY pair should go reaching towards the 124 level again. I currently believe that the 120 level below is still the “floor” in this market.
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.
