The EUR/USD pair rallied slightly during the day on Thursday, as we continue to consolidate around the 1.06 handle. This is a market that seems to be
The EUR/USD pair rallied slightly during the day on Thursday, as we continue to consolidate around the 1.06 handle. This is a market that seems to be trying to figure out whether or not it can break down below the massive support at the 1.05 handle. If we can break down below there, I feel that the market then should reach towards the 1.00 handle. Ultimately, short-term rallies should continue to be selling opportunities and with the jobs number coming out today, it’s very likely that we will see quite a bit of volatility that we can take advantage of.
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.
