The EUR/USD pair initially tried to rally during the course of the week, but turn right back around to fall rather significantly. If we can reach down
The EUR/USD pair initially tried to rally during the course of the week, but turn right back around to fall rather significantly. If we can reach down below the bottom of the range for the week, this market should continue to drop. We could then go to the 1.05 level as it is a massive amount of support as seen in the month of November. Any rally at this point in time will probably continue to show signs of exhaustion. With this, I remain bearish but it might be easier to sell this market rather than buy it.
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.
