The EUR/USD pair had a very flat day, forming a very neutral candle. Because of this, looks as if the market isn’t quite ready to do anything but if we can break down below the bottom of the range for the session, I feel that the market will probably go down to the 1.05 level given enough time. We could rally from time to time, but in the meantime, I still believe that the overall move will be lower over the next couple of weeks. I have no interest in buying into we break above the 1.0750 level again.
Written by FX Empire