EUR/USD rose again on Friday as traders anticipated some grand plan coming out of the EU over the weekend. The fact that it couldn’t break out of its
EUR/USD rose again on Friday as traders anticipated some grand plan coming out of the EU over the weekend. The fact that it couldn’t break out of its trading range shows just how little faith there actually is in this idea, and it could be setting up for a fall at this point. In fact, the EUR/CHF showed weakness, and suggests that might actually be the case. However, with the meeting over the weekend, we will need to see what the Monday close looks like in order to make another trade. At this point in time, you should probably be flat in this pair.
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.
