The EUR/USD pair fell a bit during the session on Thursday, but bounced enough to form a hammer in order to show signs of support. With that, it looks as
The EUR/USD pair fell a bit during the session on Thursday, but bounced enough to form a hammer in order to show signs of support. With that, it looks as if the market is going to try to break above the 1.12 level. If we do get above there, that’s a very bullish sign and we would be buyers. On the other hand, resistive candles near that level would be selling opportunities as the market simply looks as if it would continue to consolidate in that particular circumstance. Ultimately, no matter what happens we expect volatility.
EUR/USD Forecast August 14, 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.
