The EUR/USD pair fell during the course of the day on Tuesday, showing the 1.28 level to be resistive yet again. The 1.28 level is the beginning of
The EUR/USD pair fell during the course of the day on Tuesday, showing the 1.28 level to be resistive yet again. The 1.28 level is the beginning of significant resistance, extending all the way to the 1.30 level as far as we can see. Because of that, we continue to sell the EUR/USD pair every time it rallies, and we do think that the market falls back down to the 1.25 handle. Regardless, we see no way to buy this market until we get above the 1.30 level, something that doesn’t look very likely at this point in time.
EUR/USD Forecast October 22, 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.
