The EUR/USD pair had a slightly negative session on Friday, as the 1.08 level looms just above. I think we may need to back up just a little bit in order
The EUR/USD pair had a slightly negative session on Friday, as the 1.08 level looms just above. I think we may need to back up just a little bit in order to build enough momentum to finally break out above that handle. Once we do, the market could go to the 1.10 level, and then possibly the 1.12 level after that. I think that the 1.07 level will offer a bit of support, just as the 1.06 level under there should. Either way, it’s going to be a very choppy market it almost always is anyway, so you will have to be nimble.
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.
