The EUR/USD pair fell significantly during the course of the session on Tuesday, but there is an uptrend line just below that should continue to keep this
The EUR/USD pair fell significantly during the course of the session on Tuesday, but there is an uptrend line just below that should continue to keep this market somewhat supported. With this, if we can break down below the uptrend line we would be sellers but until then have no interest in doing so. We believe that this market will more than likely try to bounce from here, so looking towards short-term charts for supportive and positive impulsive candles could be the best way to go as far as going long. A break below that aforementioned uptrend line would be extraordinarily bearish.
EUR/USD Forecast November 4, 2015, Technical Analysis
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.
