The EUR/USD pair fell significantly during the day on Wednesday, but found enough support at the 1.0750 level underneath to keep the market somewhat afloat. If we can break down below the 1.07 handle, the pair will draw. However, I would expect to see buyers come back into this market sooner rather than later, so a supportive candle would have me getting involved. I think were going to continue to see quite a bit of choppiness, but overall I believe that the market is going to try to reach the 1.10 level over the longer term.
Written by FX Empire