The EUR/USD pair ended the week relatively neutral after falling and rising over the course of the previous five days. We are currently in the middle of
The EUR/USD pair ended the week relatively neutral after falling and rising over the course of the previous five days. We are currently in the middle of the larger consolidation area, and closed just below the 1.30 handle. The candle looks a little bit more bullish than various, but in reality it is very much neutral. Because of this, it is difficult to have a consensus as to which way to go, and we will wait until we break out of one of the two aforementioned levels to place our next trade.
EUR/USD Forecast for the week of December 3, 2012, Technical Analysis
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.
