EUR/USD Forecast August 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 August 2016 06:28 UTC
The EUR/USD pair is rallying yet again, as we continue to go back and forth. Having said that though, I still think that there’s a lot of noise above that could cause resistance. With this, it’s likely that we will continue you back and forth but at this point in time I believe that the Euro will continue to have a bit of a weight around its neck, as there are a lot of concerns in the European Union. Given enough time, I think we may get a little bit more of a clear signal, but at this point I’m very comfortable with sitting on the sidelines.

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.