The EUR/USD pair fell during the session on Wednesday in preparation for the FMOC release. However, later on in the day we did in fact bounce enough to form a hammer, which of course is a significant buy signal. On top of that though, we have a couple of shooting star so this market does look like it’s going to grind sideways at best. With that, we think that it will continue to be very volatile and a difficult market to trade. Going forward, we think that we need some type of clear signal that we have at the moment in order to place any real money at risk.
