The EUR/USD pair tried to rally during the day on Friday, but as you can see pullback significantly in order to form a very neutral candle. This market
The EUR/USD pair tried to rally during the day on Friday, but as you can see pullback significantly in order to form a very neutral candle. This market continues to meander sideways and essentially as an offering much in the way of a trade, and because of that we feel that the market is one that still bearish, but we are looking for some signal that’s worth selling. A break down below the 1.26 level has the market heading to the 1.25 level, just as a bounce from here should have sellers stepping in near the 1.28 level.
EUR/USD Forecast October 27, 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.
