The EUR/USD pair initially fell during the session on Thursday, but bounced hard enough to test the 1.35 handle by the end of the day. This market will continue to go back and forth, but we feel there’s a little bit of a downward bias to it, so we are willing to sell resistive candles. In the meantime, we are on the sidelines and will remain so until we get a much more significant and clear candle. Expect choppiness, regardless of which direction we and heading, so quite frankly unless you are short-term trader, this market may not be for you.
Written by FX Empire