The EUR/USD pair rallied a bit during the week, but we are still struggling to get above the 1.0835 level. Once we get above there, I feel that the market
The EUR/USD pair rallied a bit during the week, but we are still struggling to get above the 1.0835 level. Once we get above there, I feel that the market can go much higher, probably the 1.10 level above. Currently, even if we pull back I don’t have any interest in selling because it looks as if the trend is starting to change to the upside. Ultimately, I believe that the 1.10 level above could be massively resistive. This will be a move that should see quite a bit of volatility, but buyers seem to be in control.
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.
