The EUR/USD pair continues to tread water just under the 1.35 level as the markets are patiently waiting on the result out of the EU summit. The Wednesday action ended up unchanged after going back and forth in this highly volatile market. The pair is currently under a lot of pressure, but the fact is that it simply won’t go down for any real length of time. With this in mind, it is difficult to short this pair, and even harder to go long. We advise staying far away from this pair until after the meeting this week in Europe.
Written by FX Empire