The EUR/USD pair tried to break above the 1.35 handle during the session on Monday, but as you can see the 1.3550 level offered enough resistance to push the market back down and form a shooting star. This shooting star is right at the area we want to CNN, and as a result a break of the bottom of the shooting star as a selling this market and aiming for the 1.33 handle. On top of that, with the surprise rate cut coming from the European Central Bank last week, we think the European Union isn’t a little bit more trouble than people realize, and that the Euro will continue to fall.
Written by FX Empire