Friday 24 April 2015

EUR/USD Finally Broke Above 1.08




EUR/USD was stuck between 1.0700 -1.0800 for the past few days but it looks like today’s Eurogroup meeting provoked enough volatility on the market for the pair to break above 1.0800. The pair is likely currently headed for 1.1000. I thought that was its target back when it reached the support at 1.0550 and could not break below that level, although I began doubting my judgement earlier this week because the pair couldn’t break above 1.0800. Apparently I should be more confident in my own analysis.

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