The EUR/USD pair broke higher during the course of the session in a massive show strength on Wednesday. The 1.12 level was targeted and head, but it
The EUR/USD pair broke higher during the course of the session in a massive show strength on Wednesday. The 1.12 level was targeted and head, but it offered enough resistance to turn the market back around and keep the market below the 1.12 level. With that, we are looking for resistive candle in order to sell this market, or we are willing to start buying this pair if we can break above the 1.12 level for at least 4 hours, if not longer than that. Ultimately though, it would make sense if we pullback as we are in the middle of summer.
EUR/USD Forecast August 13, 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.
