Zorba the Greek composer Mikis Theodorakis dies at 96

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The Euro has broken down significantly during the trading session on Wednesday, breaking through the 1.10 level and then breaking through the bottom of the candlestick from the previous session. That of course is a very negative sign, but I think we are probably going to see a lot of back and forth in this general vicinity due to the fact that the job summer comes out on Friday . However, I do believe that the 1.10 region above will probably offer resistance, so if we were to break above there it could be a reasonable sign, but all things being equal it’s likely that the market will continue to look at that as an area that will be crucial. EUR/USD Video 02.04.20 To the other extreme, if we can break below the 1.09 level it’s very likely that the market will go looking towards the 1.07 handle over the longer term. I do believe that eventually happens, but we will have to wait and see because there is a world of hurt out there when it comes to the European Union. With that being the case, I do prefer shorting on short-term charts, as it looks like we are rolling over yet again in a market that had recently been in a an extremely negative trend. All things being equal I believe that the Euro is going to continue to struggle in general, and therefore I like selling. This article was originally posted on FX Empire More From FXEMPIRE: GBP/USD Price Forecast – British Pound Continues to Press the Issue Gold Daily News: Wednesday, April 1 EUR/USD Price Forecast – Euro Plunges Natural Gas Price Forecast – Natural Gas Markets Fall to Test the Low Gold Price Prediction – Prices Rebound but Face Strong Dollar Headwinds Silver Price Forecast – Silver Markets Continue to Slump View comments
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