The EUR/USD pair initially tried to rally during the course of the week, but turned back around to form a negative candle. A break down below the bottom
The EUR/USD pair initially tried to rally during the course of the week, but turned back around to form a negative candle. A break down below the bottom of the candle fits in this market even lower, but quite frankly this market is far too tight for longer-term traders to be bothered with in our opinion. With this, we will look to short-term charts in order to trade the Euro, but until then we will simply sit on the sidelines and wait to see whether or not we get some type of longer-term signal.
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.
