The EUR/USD pair fell slightly but then turned back around to form a hammer. The hammer of course is a bullish sign but I think that any rally at this
The EUR/USD pair fell slightly but then turned back around to form a hammer. The hammer of course is a bullish sign but I think that any rally at this point in time should be a nice selling opportunity on signs of exhaustion. With this, the market should find “value” at higher levels, so if we get an exhaustive candle on willing to jump on it. I have no interest whatsoever in buying this market because I recognize how bearish the Euro is in general. I still believe that we are going to break down below the 1.05 level over the longer term.
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.
