The EUR/USD pair fell during the course of the day on Monday, but continues to find support near the 1.13 level. Because of this, we are looking for
The EUR/USD pair fell during the course of the day on Monday, but continues to find support near the 1.13 level. Because of this, we are looking for supportive candles in order to go long, as the market should then reach towards the 1.15 handle. We know that the interest-rate decision coming out above the Federal Reserve will be a major driver of this pair this week, but at the end of the day we believe that this market is going to go higher given enough time. We have no interest in selling, and we go long on support.
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.
