The EUR/USD pair did very little during the session on Tuesday, essentially banging around back and forth to end up where we started. The market appears to be somewhat supported in this area though, and the action that we saw on Tuesday suggests that our initial thought of the market been more of a grind higher than anything else may be correct. With that being said, a break of the highs for the session on Tuesday gets us long of this market, and aiming for the 1.38 handle. However, we recognize that it won’t be an easy move for the market.
Written by FX Empire