The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support,
The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support, but quite often these markets tried to fill these gaps, and therefore we could see a little bit of a sell off. I believe that should end up offering a buying opportunity underneath, so I’m waiting to see a supportive candle or a bounce to go long in this particular pair. I believe that the 1.0750 level underneath continues to be the “floor” in the 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.
