The EUR/USD pair fell initially during the course of the day on Tuesday, but found enough support near the 1.12 level to turn things back around and form a hammer. Because of this, the market looks as if it is ready to continue to try to get to the 1.15 level. Above there, we feel that it is a bit of a trend change, and as a result it is a “buy-and-hold” type of situation then. We believe that in the meantime that anytime this market pulls back it is in fact a buying opportunity.
