The EUR/USD pair rose during the session on Thursday, breaking the 1.38 handle during the day. However, we could not hang onto the gains above there, and therefore forward a bit of the shooting star. This is not a sell signal though, we believe this is simply the market taking a little bit of a break from what’s been a relatively sharp move higher. We believe that any pullback at this point time will simply offer buying opportunities, and would also buy a break of the top of the shooting star as it would also signal strength.
Written by FX Empire