By FXEmpire.com
The EUR/USD rose this past week, but failed to break above the 1.45 level for more than the briefest of moments. Because of this, we think the pair may still be struggling to gain any real traction. The potential flag is still intact, but then again so are the downward channel, and the consolidation area between 1.40 and 1.45! This pair is an absolute mess, and we need to see a close above 1.45 on the daily if not weekly to go long. A break below and daily close below 1.40 should push us much lower. Until one of those two things happen, this pair won’t be suitable for longer-term trading.
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