The EUR/USD pair had a volatile session as we broke below the bottom of the shooting star from the previous session which of course is a negative sign. However, I see a lot of noise just below current trading area and it appears that it’s only a matter of time before we bounce around. I still believe that we go higher over the longer term, but is going to be more of a grind than anything else. There are a lot of concerns and Europe, so we’ll have to wait and see whether the shakeout, and quite frankly it wouldn’t necessarily be a bad idea to stay away from this pair.
Written by FX Empire