An overview of the
currency markets by 
Good morning.
We’ll cover the recent developments of the EUR/USD and get to a comment submitted by Sum.
The EUR/USD broke the 1.4600 level and it seems like the bulls are starting to lose a little steam as we crossed the 1.4600 area. We are seeing some divergence in the technicals so look for a potential shorter term pullback. If it were to continue up, look for the currency pair to test the 1.4650 - 1.4700 area.
Sum submitted a comment asking about the bottom of the down side. First off, thanks very much for submitting your comment and I hope I interpret the question correctly. It seems like we’re looking for a projection to the downside once the upward movement is exhausted and the pair turns down. If this is the question, then, at this point, it is a little difficult to determine a price projection. However, if we HAD to give one now, then we’d say somewhere in the range of 1.4200 and below. We use a combination of Fibo projections and price calculations based on different market movements.
I hope this answers your question. Again, once we start to see how the market unfolds, we’ll be able to give more exact projections.
Have a great trading day today (Friday) and we hope everyone has a very happy (and safe) weekend.
Hi Ross,
Appreicate the overview can be on daily basis as I personnal find it doesn’t reflect the current market condition!
Hi Jen,
Thanks for the comment and for posting your opinion. Everyone looks (and analyzes) the market differently which is what makes this so diverse.
I don’t know if you’re referring to the first part or the second part but I appreciate your outlook and opinion.