The EUR/USD pair fell rather significantly during early trading on Tuesday, the market looks likely to see the 1.1750 level as a supportive level though, so I don’t have any interest in trying to short. I believe that given enough time, we will find that this market is still bullish, and the break out that we had seen recently of course is important. Pay attention to words coming out of ECB President Mario Draghi today, as it will most certainly move the Euro itself. Nonetheless, if we can stay above the 1.17 level, this is a market that should continue to enjoy bullish pressure.
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EUR/USD Forecast August 23, 2017, Technical Analysis
The EUR/USD pair fell rather significantly during early trading on Tuesday, the market looks likely to see the 1.1750 level as a supportive level though,
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About the Author
Christopher LewisSenior Analyst
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.
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