The EUR/USD pair fell during the session on Tuesday, showing that we are starting to slow down and perhaps lose a little bit of the upward momentum. However, the 1.37 level should offer support based upon the cluster that we see in that general region, and as a result we are not selling. In fact, we look at these pullbacks as a potential buying opportunity going forward. We believe that the 1.40 level is still going to be targeted, and because of that we are simply buying pullbacks as we think that the “floor” in this market is at the 1.35 handle.
Written by FX Empire