The EUR/USD pair fell during the day on Tuesday, slamming into the 1.14 handle. This was the scene of significant resistance previously, so it should now
The EUR/USD pair fell during the day on Tuesday, slamming into the 1.14 handle. This was the scene of significant resistance previously, so it should now be support. If we can break back above the 1.15 level, we feel that this market continues to go higher and the uptrend continues. On the other hand, if we break down significantly below the 1.14 level, we will then go looking for support at lower levels. Alternately, the one thing you can count on in this pair is going to be volatility, especially as liquidity comes back into the marketplace from the summer break.
EUR/USD Forecast August 26, 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.
