The EUR/USD pair went back and forth during the day on Tuesday, showing signs of support. However, I feel that the market has much more resistance of the
The EUR/USD pair went back and forth during the day on Tuesday, showing signs of support. However, I feel that the market has much more resistance of the 1.0750 level. Above there, I think there is resistance at the 1.0850 level also. In the exhaustive candle would be an opportunity to start selling as well, and I think that the market will continue to build up enough downward pressure to reach towards the 1.05 level, and then eventually break down below there. I have no interest in buying the Euro at the moment, and believe that the US dollar will continue to be favored.
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.
