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.
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.
