The EUR/USD pair fell during the course of the session on Thursday, but turned back around and form a hammer. Because of this, it appears that the market
The EUR/USD pair fell during the course of the session on Thursday, but turned back around and form a hammer. Because of this, it appears that the market is trying to reach towards the 1.10 level yet again, but with the Nonfarm Payroll Numbers coming out today, the one thing you can count on his volatility. Because of this, we are actually going to step on the sidelines and wait to see if there’s some type of knee-jerk reaction that we can work against as we believe the consolidation overall will continue. We believe that the 1.08 level below will continue to be supportive, while the 1.11 level above should be resistive.
EUR/USD Forecast August 7, 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.
