The EUR/USD pair fell during the session on Tuesday, but as you can see bounced enough to close above the 1.3650 level. With this hammer, it appears that the market is going to simply grind sideways in the meantime, and with the FMOC meeting coming out later today, it’s very likely that the market is waiting until that announcement. All in all, we do believe that the market is going to more than likely fall, but only back within the consolidation range down to the 1.35 level honestly, the best route for trading this pair right now might be to simply wait until the daily close today.
