The EUR/USD pair broke higher during the week, slicing through the 1.13 level, and even broke above the 1.14 level during the week. However, we are a bit
The EUR/USD pair broke higher during the week, slicing through the 1.13 level, and even broke above the 1.14 level during the week. However, we are a bit overextended, so I think that pullbacks should be buying opportunities, and that the 1.13 level should be supportive. Nonetheless, I believe that the longer-term we will go to the 1.15 level, which is a much more significant resistance barrier. Value should be found in this market relatively soon, and therefore I remain bullish but also am looking for lower pricing and support to get involved.
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.
