EUR/USD pair fell during the session on Wednesday, testing the 1.3550 level again. There is a significant cluster in this area from the end of November that we think will continue to offer a bit of support, and as a result we need to see the market clear the 1.35 level in order to be sufficiently bearish enough to start selling again. In the meantime, there is the possibility of a bounce but we do not see the candle formation for that. If we do in fact that bounce, we believe that this market will stay below the 1.38 handle. Choppy conditions should continue.
Written by FX Empire