The EUR/USD pair fell during the session on Thursday, and even managed to get below the 1.33 handle. However, we got a bit of a bounce and as a result formed a hammer. That being said, it appears that the Euro will continue to try and gain against the US dollar, but we think that the downtrend line from the weekly chart will contain this marketplace. European stock indexes across the continent look absolutely horrible, and as a result we feel that money will start coming back into the United States across the Atlantic. However, the short-term deftly looks bullish on a break of the highs from the session on Thursday.
Written by FX Empire