The EUR/USD pair went back and forth on Monday, as we continue to recognize the 1.05 level above has resistance. At this point, it looks as if the market
The EUR/USD pair went back and forth on Monday, as we continue to recognize the 1.05 level above has resistance. At this point, it looks as if the market is going to continue to go much lower, but there is going to be a lot of volatility going forward, so you have to be patient to deal with this type of market. I still believe that this market will then go down to the parity level, but it may take some time to get down there. Volatility will be a mainstay of this market over the next couple of weeks.
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.
