The EUR/USD pair went higher during the session on Wednesday, and then pulled back to form a shooting star. The shooting star is immediately preceded by the Tuesday candle which of course is a hammer, so this suggests that the market is going to go sideways. With that being the case, the market is going to be difficult to hang onto any type of longer-term trade, but we do have the bias of bullishness here. We believe the pullbacks will continue to be buying opportunities, and one day, once we break above the 1.150, becomes more of a “buy-and-hold” market.
