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
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.
