The EUR/USD pair initially fell during the session on Wednesday, but as you can see found support right above the 1.35 handle in order to bounce and form a hammer. This hammer of course suggests that we are going to go higher, but we need to clear the 1.36 handle on a daily close in order to start buying this pair. If we do get that move though, we think the market will head towards the 1.38 handle, without too many issues that is. As far as shorting is concerned, right now we’re not very interested in it.
Written by FX Empire