The EURUSD pair fell slightly during the course of the session on Monday, and as a result I feel that there is more than enough support below to eventually find buyers, and I believe that the 1.1150 level below is massively supportive.
A supportive candle is reason enough to start going long, as we will eventually try to reach towards the top of the consolidation.
However, I would be the first to admit that I don’t have too much in the way of interest when it comes to trading this particular pair at this moment in time.
Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account. The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
You must be logged in to post a comment.