EUR/USD fell hard on Tuesday, but bounced a bit in the later hours of the session. The Americans sold the Dollar and bought the Euro once they took
EUR/USD fell hard on Tuesday, but bounced a bit in the later hours of the session. The Americans sold the Dollar and bought the Euro once they took control of the Forex markets. The pair is still contending with massive pressure to the downside at the 1.45 mark, but it should be obvious by now that the lows are getting higher – a sign of building upside pressure on this pair. A daily close in the 1.46 handle gets us very, very long of this pair. Selling isn’t advised until we see the 1.42 level or so.
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.
