EUR/USD Forecast August 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 08 August 2015 14:34 UTC

The EUR/USD pair initially fell during the course of the session on Friday, but after the Nonfarm Payroll Numbers came out, the market then turned back around and reach towards the 1.10 level. Because of this, we ended up forming a bit of a hammer. We think that this market will more than likely continue to consolidate between the 1.08 level and the 1.11 level above, with the 1.10 level essentially being “fair value.” Because of this, we are actually going to step to the side of this particular pair, as it is going to be a bit tight in our opinion.



Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.