The EUR/USD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level. With this, the market then reached towards the 1.11
The EUR/USD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level. With this, the market then reached towards the 1.11 handle, but found a bit of resistance. With this, we believe that the market continues to bounce around between the 1.09 level on the bottom, and the 1.11 level on the top. Currently though, this is a very choppy and difficult market to deal with so any trading you do get involved with should be short-term and small. We have no interest in placing longer-term trades at the moment, and believe that we will continue to consolidate overall.
EUR/USD Forecast August 12, 2015, Technical Analysis
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.
