The EUR/USD pair initially tried to fall during the course of the session on Monday, but we turned back around and broke above the 1.10 level. Because of
The EUR/USD pair initially tried to fall during the course of the session on Monday, but we turned back around and broke above the 1.10 level. Because of this, we feel that the markets probably going to try to continue to go higher but quite frankly the 1.10 level right now is essentially “fair value.” In other words, the market is going to be attracted to that level again and again. We feel that this is probably a market that’s going to be much easier to deal with from the sidelines as of volatility and the choppiness should continue.
EUR/USD Forecast August 11, 2015, Technical Analysis
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.
