The EUR/USD pair tried to rally during the session on Tuesday, but as you can see gave up all of the gains in order to form a wicked shooting star that signals we aren’t quite ready to go higher. This is not a surprise though, especially when you figure that the nonfarm payroll numbers come out on Friday. With that being the case, we are essentially not expecting much this week until we get that number. We will start buying this pair if we get a break above the shooting star though as it would show a significant break of resistance. As far as selling is concerned, we have no interest in doing so until that announcement comes out.
Written by FX Empire