The EUR/USD pair had a slightly positive week, but remains below the massive resistance at the 1.0750 level above. Some type of exhaustive candle should
The EUR/USD pair had a slightly positive week, but remains below the massive resistance at the 1.0750 level above. Some type of exhaustive candle should be and I selling opportunity, but quite frankly I believe that it’s going to be a marketplace is can be easier to trade off shorter-term charts, at least at the daily period if not lower. I have no interest in buying, but must keep an eye on the resistance above just in case it says something different. Ultimately, the interest rate hikes in the US dollar that are coming should continue to put bearish pressure on this pair.
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.
