The EUR/USD pair fell during the session on Wednesday, breaking below the 1.36 level towards the end of the day. This is in fact a relatively negative
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.36 level towards the end of the day. This is in fact a relatively negative sign, and we believe now that the pair will go to the 1.35 handle given enough time. That is a much more major support level in our opinion, thereby having the market looks very bearish in the short term, but possibly bullish down there. On 5 June, the ECB will meet and the value of the Euro long-term will be determined at that point. The meantime, we think selling is the only thing you can do.
EUR/USD Forecast May 29, 2014, get 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.
