The EUR/USD pair fell during the course of the day on Tuesday, testing the 1.2650 level for support. However, we believe that this market will ultimately
The EUR/USD pair fell during the course of the day on Tuesday, testing the 1.2650 level for support. However, we believe that this market will ultimately go back down to the 1.25 handle, an area of significant support. If we get below there, we feel that the market should go down to the 1.20 handle, which is the beginning of the uptrend that we are now going back from. We continue to look at rallies as selling opportunities as the Euro should continue to face a significant amount of pressure from most traders.
EUR/USD Forecast October 15, 2014, 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.
