The EUR/USD pair fell initially on Thursday, but turned around to show signs of support again. I think that the market could continue to go higher, but
The EUR/USD pair fell initially on Thursday, but turned around to show signs of support again. I think that the market could continue to go higher, but with today being the job number report out of the United States, expect a lot of volatility. I suspect that there is massive support at the 1.18 level, and then perhaps at the 1.17 level underneath. Buying a pullback should continue to be the way going forward, but these pullbacks will knock out the “weak hands” in this market. Longer-term, I think that the market could breakout above the 1.20 level and then to the 1.25 level after that.
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.
