The EUR/USD pair rose during the session on Wednesday, showing that perhaps the hammer that printed on Tuesday is in fact supportive. Now that we are starting to get above the 1.32 level again, it appears that we are heading back into the previous consolidation area that the market had been in previously, and could very well move back towards the 1.34 handle. Going forward, we expect this market to continue to go sideways overall, and with that being said we like buying the Euro on a break of the highs for the session.
Written by FX Empire