The EUR/USD pair initially tried to rally during the course of the week but turned right back around to form a bit of a shooting star. The shooting star
The EUR/USD pair initially tried to rally during the course of the week but turned right back around to form a bit of a shooting star. The shooting star of course is a negative sign, so having said that I feel that will probably drift lower. However, I’m not willing to risk any longer-term trades in this market at the moment. I think that this is the domain of short-term traders, especially considering that the volume probably isn’t up to par at the moment. With this, I’m looking for short-term negativity.
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.
