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.
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.
