The EUR/USD pair fell during the course of the session on Friday, testing the 1.0650 level again. That being the case, the market would eventually start
The EUR/USD pair fell during the course of the session on Friday, testing the 1.0650 level again. That being the case, the market would eventually start to break down if we can get below there, and we still believe that the 1.05 level below is the target. We believe that rallies are selling opportunities, and it’s only a matter of time before we reach that area. It is not until we break well above the uptrend line that is on the chart that we would even remotely consider buying the Euro at this point.
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.
