The EUR/USD pair rose during the session on Wednesday, breaking the top of the two hammers from the Monday and Tuesday session. This of course is a very bullish sign, and as a result we think that this market will more than likely pop from here. However, with nonfarm payroll coming on Friday we think that this market will more than likely be a bit hesitant until we get to that point. Going forward though, we would not be surprised at all to see this market bounce and 1.38 handle, and with that being the case, we are very bullish.
Written by FX Empire