The EUR/USD pair fell during the day on Tuesday, reaching down towards the 1.10 handle. This is an area that has been the middle of the larger
The EUR/USD pair fell during the day on Tuesday, reaching down towards the 1.10 handle. This is an area that has been the middle of the larger consolidation area lately, and we feel that could offer a significant amount of support. With this, we are looking to see if we get a bounce off of 1.10 level in order to place a short-term long position in this market. On the other hand, if we break down below the 1.0950 level, we feel the market will then drift its way back down to the 1.0850 region.
EUR/USD Forecast August 19, 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.
