EUR/USD fell during the session on Tuesday originally, but found enough support in order to bounce back in over the 1.3450 level. At the end of the session, that is roughly where we are trying to close, and it does look like a little bit of buying has come back into this market. After all, the move has been based upon a few choice words by the ECB, and not actually based upon any actions. Because of this, is very likely that we will see the market turned back around and start going higher, and as a result we are already long of this pair. We recognize of the 1.35 level will be resistance, but above that area the market should continue to accelerate to the upside.
Written by FX Empire