The EUR/USD pair try to rally on Thursday, but pulled back slightly in order to form a little bit of a shooting star. However, the 1.3550 level below is massively supportive, so we don’t necessarily read too much into this candle stick yet. In fact, we would like to see the 1.35 level cleared to the downside before we started selling, or a move above the 1.3650 level in order to start to consider buying. In the meantime, we think this market continues to chop around and basically give us headaches more than anything else.
Written by FX Empire