The EUR/USD pair initially tried to rally during the course of the day on Friday, but fell back below the 1.28 level. On top of that, we ended up forming
The EUR/USD pair initially tried to rally during the course of the day on Friday, but fell back below the 1.28 level. On top of that, we ended up forming a shooting star for the weekly candle, so therefore we feel that this market more than likely drop from here. The hammer that informed on Thursday is will we are using for some type of trigger price, as if we can break down below the bottom of that hammer, we would be sellers. As far as buying is concerned, we have no interest in doing so at the moment.
EUR/USD Forecast October 20, 2014, 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.
