The EUR/USD pair had a pretty volatile week as the ECB extended its quantitative easing program by at least 9 months. We ended up breaking below the 1.05
The EUR/USD pair had a pretty volatile week as the ECB extended its quantitative easing program by at least 9 months. We ended up breaking below the 1.05 level, an area that has been support sends January 2015. Because of this, I feel that it’s only a matter time before the market works its way down to the parity handle. I believe that rallies will continue to be selling opportunities, and that the US dollar will be favored overall. Because of this, I am a seller and plan on selling quite aggressively.
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.
