The EUR/USD pair tried to rally during the course of the week, but as we remain within the consolidation that we’ve been in for the last several months, I
The EUR/USD pair tried to rally during the course of the week, but as we remain within the consolidation that we’ve been in for the last several months, I don’t have any real interest in trading this market from a longer-term perspective. I believe that there is still a lot of noise out there, and therefore it’s always impossible to risk any serious amount of money. Given enough time, we will break out, but we need to break down below the 1.1150 level or break above the 1.1350 level in order to do so.
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.
