The EUR/USD pair broke higher during the course of the session on Monday, and at one point in time even touched the 1.17 handle. This was in reaction to
The EUR/USD pair broke higher during the course of the session on Monday, and at one point in time even touched the 1.17 handle. This was in reaction to the idea that the Federal Reserve was going to have to wait to raise interest rates, and that of course spooked the market. The fact that we broke above the 1.15 level is very significant though, and if we can find buyers to continue to pushes market above that level, we feel it is only a matter time before the market goes to much higher levels. On the other hand, if we find yourselves dropping back below the 1.14 level, that would be extraordinarily bearish.
EUR/USD Forecast August 25, 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.
