The EUR/USD pair ripped to the upside on Thursday, breaking above the 1.29 handle again. However, we had anticipated that this market will simply going to bounce around between the 1.28 handle on the downside, and the 1.30 level on the upside. Because of this, we feel that this market will continue to be a short-term traders market, and we will be looking for selling opportunities the closer we get to the 1.30 handle. Resistive candles on the short term charts will be what we used to enter the market, and we simply do not expect break down below the 1.28 handle. In other words, this is a very short-term set up that we could be getting ready to see.
Written by FX Empire