The EUR/USD pair broke above the 1.31 level during the session on Tuesday, showing strength as we closed towards very top of the candle. However, we did not get above the 1.32 level, an area that we’ve been waiting to see broken in order to start buying. In the end, we believe a break of the candle for the Tuesday session to the upside would be a buy signal. We more than likely will attempt to reach the 1.33 handle in the short term, but expect choppy trading conditions going forward. As for selling, we would have to break down below the 1.30 handle again.
Written by FX Empire