The EUR/USD pair fell on Tuesday, making a fresh, new low. In fact, this was a 14 year low in this pair, so it’s obvious that the Euro is absolutely
The EUR/USD pair fell on Tuesday, making a fresh, new low. In fact, this was a 14 year low in this pair, so it’s obvious that the Euro is absolutely broken. Currently, I believe that the rallies that occur will continue to be selling opportunities, as we should reach towards parity. I think that the 1.05 level above is essentially the “ceiling” in this market, so it’s not until we break well above there that I would even remotely consider going long. This is a market that I believe reaches towards parity sometime early next year, but volatility could be drying up due to the holidays.
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.
