The EUR/USD pair fell during the session on Wednesday, testing the 1.36 level. The area is the beginning of significant support all the way down to the 1.3550 handle, so therefore we need to close below that level on a daily candle in order for us to start selling the Euro at this point in time. Because of that, we feel that a supportive candle in this general vicinity probably will be a decent buying opportunity, as we would simply be respecting an area that had been so supportive previously over the last couple of weeks.
Written by FX Empire