The EUR/USD pair initially fell during the week but found enough support just above the 1.05 level to turn things around and form a bullish candle. The
The EUR/USD pair initially fell during the week but found enough support just above the 1.05 level to turn things around and form a bullish candle. The bullish candle of course signifies that the support is starting to hold, and with this I think that we are going to stay in the consolidation for a while at least. A bounce is likely, but I am more interested in selling that bounce than participating in it. Alternately, if we break down below the 1.05 level, I’m a seller at that point also.
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.
