The EUR/USD pair broke higher during the course of the day on Wednesday, breaking above the 1.27 level by the time the day ended. That being the case, it
The EUR/USD pair broke higher during the course of the day on Wednesday, breaking above the 1.27 level by the time the day ended. That being the case, it appears that we are going to head to the next resistance barrier, the 1.28 level. That level is massively resistive as far as we can see, and that resistance extends all the way to the 1.30 handle. Because of this, we think that any resistive candle now is simply going to be an invitation to continue selling this market which is obviously in a very negative manner.
EUR/USD Forecast October 9, 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.
