The EUR/USD pair fell during the session on Tuesday, but as you can see found enough support to bounce a bit towards the end of the day. There is plenty of support below, and until we get below the 1.32 handle, we are not shorting this market. As far as going long, we would have to see this market go above the 1.34 handle, something that it doesn’t look ready to do quite yet. In the meantime, we are on the sidelines but do recognize that short-term scalpers may have an opportunity here in this very tight range.
Written by FX Empire