EUR/USD Technical Analysis August 8, 2011

The EUR/USD pair rose on Friday as traders dumped the USD around the markets. The pair stopped short of the 1.4350 area. The pair has been very volatile, and as such hasn’t been one of our favorite pairs to trade. The Euro has an almost uncountable amount of issues behind it, and because of this we won’t buy this pair. If we get a nice sell signal at either 1.4350 or 1.45 – we will not hesitate to do so.

Leave a Reply

Your email address will not be published. Required fields are marked *