The EUR/USD had a break out day today as the pair broke above the 1.47 area with conviction. Because of this, the 1.45 area can now be considered a floor of sorts, and that buying is the only direction you can go at the moment. The pair is a “buy on the dips” market without a doubt.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
