The EUR/USD pair initially tried to fall during the session on Tuesday, but turned back around in order to form a somewhat positive candle. We are
The EUR/USD pair initially tried to fall during the session on Tuesday, but turned back around in order to form a somewhat positive candle. We are pressing against the 1.27 level, so we could get a little bit of a break out here, but we feel that the 1.28 level is much more resistive, and will take quite a bit more strength to get above. Quite simply, we are waiting for some type of move higher with a resistant candle being printed. If we get that, we are more than willing to start selling yet again.
EUR/USD Forecast October 8, 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.
