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
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.
