The EUR/USD pair gapped higher at the open on Monday, and then spent the rest of the week going back and forth. It looks as if the market still has plenty
The EUR/USD pair gapped higher at the open on Monday, and then spent the rest of the week going back and forth. It looks as if the market still has plenty of support underneath though, so I think pullbacks should offer value that traders will take advantage of. We’re at the top of a channel, so a pullback is probably needed to build up enough momentum to go much higher. With this, you will have to be patient but I think the buyers will return if we can drop towards the 1.0750 level.
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.
