The EUR/USD pair fell during the bulk of the session on Tuesday, but found enough support just above the 1.3325 level in order to bounce and form a nice-looking hammer. It appears that this market is starting find significant support in this general vicinity, and we do think that the 1.33 handle is probably about as low as this market can go right now. On a break of the top of the hammer, we think that a short-term buying opportunity certainly does exist, and that the market will probably head to the 1.3450 level, and then possibly the 1.35 level.
