The EUR/USD pair rally during the day on Tuesday, reaching towards the 1.07 level. It now looks as if we can break above the top of the daily range, the market should then reach towards the 1.0750 level above. Expect volatility, that’s a mainstay in this pair anyway, and as a result expect a lot of choppy back and forth type of trading. I think it’s going to be a most impossible to take a longer-term position in this market, but it does seem to have a little bit of a tilt to the upside.
Written by FX Empire