The EUR/USD pair went back and forth during the session on Tuesday, but closed well above the 1.33 handle. This shows us that 1.33 should continue to offer support, and that the real risk in this pair is probably to the upside. As for selling, we see quite a bit of support all the way down to the 1.32 area, and as a result it will be difficult to do. On the other hand, 1.34 looks to be very resistant at this point, it will be very difficult to break out of. Once we do though, this market should make a beeline towards the 1.35 level and possibly much, much higher.
Written by FX Empire