The EUR/USD pair fell during the day on Tuesday, reaching towards the 1.05 level, an area that I think should cause quite a bit of support. If we can
The EUR/USD pair fell during the day on Tuesday, reaching towards the 1.05 level, an area that I think should cause quite a bit of support. If we can break down below there though, the market could reach towards the 1.0350 level. Any rally at this point should be a selling opportunity, and I will do just that every time we see some type of exhaustive candle. The 50-day exponential moving average continues to offer resistance in my opinion, but a bounce could happen on the short-term charts that causes volatility.
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.
