The EUR/USD pair rose during the session on Tuesday, but as you can see it still remains below the downtrend line that forms the greater descending triangle. Because of this, we are not buying this pair, but we can’t sell it yet either. Because of the fact that there is simply no sell signal, we are flat of this market as it decides what it wants to do. A move above the 1.3350 levels a very strong one, and we would be buyers. However, a move below the 1.32 handle would be very weak, and we would be sellers. In the meantime, we are flat.
Written by FX Empire