The EUR/USD pair had a slightly negative session during the course of the day on Friday, breaking below the 1.12 level at one point. Because of this, we
The EUR/USD pair had a slightly negative session during the course of the day on Friday, breaking below the 1.12 level at one point. Because of this, we feel that the Euro will continue to fall from here but there is a significant amount of noise just below. With that, it’s going to be a bit difficult to be involved in this market as the choppiness should continue to make things very difficult on traders overall. We will continue to monitor this pair but recognize that there are easier ways to play Euro weakness at the moment than trading it against the US dollar.
EUR/USD Forecast August 31, 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.
