The EUR/USD pair fell hard during the session on Thursday, but as you can see we are still above the 1.32 handle. That is the level we need to see broken to the downside in order to be comfortable shorting this market. Because of this, we expect to see some bits of support in this general vicinity, and would recognize it as a potential buying opportunity for the short term. On the other hand, if we close well below the 1.32 handle on a daily chart, we expect this market to grind its way back down to the 1.28 level.
Written by FX Empire