The EUR/USD pair fell during the session on Tuesday, as we approach the 1.3150 resistance area. However, we did get a little bit of a bounce towards the end of the day and some of the losses were recuperated. We believe that the 1.3150 level should offer massive resistance, so if we cannot break above that it wouldn’t surprise us very much. We have been looking to sell this pair, but we need to see some type of resistant candle in order to do so. Even though the Tuesday candle wasn’t a positive one, we still believe that a bounce is left in this marketplace before we get a true sell signal. With this in mind, we choose to stay out of it.
Written by FX Empire