The EUR/USD pair fell hard during the session on Thursday, testing the 1.3550 level. This area has been supportive in the past, and as a result we feel
The EUR/USD pair fell hard during the session on Thursday, testing the 1.3550 level. This area has been supportive in the past, and as a result we feel that this market could seriously trying support down at the 1.35 level soon. It is not until we get a daily close below that level however that we are comfortable shorting this market now. As far as buying is concerned, we would have to see the right supportive candle, so essentially we are staying out of the market until we see what today’s close offers.
EUR/USD Forecast January 31, 2014, 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.
