The EUR/USD pair fell during the session as the Dollar gained in general against most currencies. Looking at this chart, you can see that we are trying to go higher overtime, but it is been a ridiculous grind. Currently, it appears that the 1.29 level is offering some kind of support, so we aren’t necessarily ready to start selling. In fact, there is no clear path South from here until we get below the 1.28 handle.
Although we can see that the markets are rising over time, this is simply too choppy for our taste. Because of this, we are staying out of this currency pair as we see more headaches here than anything else.
Written by FX Empire