The EUR/USD pair fell during the session on Thursday, but we still remain above the 1.36 “floor” in this market. We think that that area still will cause a bit of a bounce, so at this low level we are not willing to sell this market as it seems to be far too much in the way of support just below. We don’t have a buy signal yet though, so we simply just sit on the sidelines and wait for some type of clear candle in order to place our trade. As far as selling is concerned, we have no interest at the moment.
Written by FX Empire