The EUR/USD pair fell hard during the session on Tuesday after initially trying to rally, and interestingly enough Below the 1.28 handle. However, towards the end of the session the Americans look like you’re trying to push this market back above the 1.28 handle, so we don’t know if it’s a true break out yet or not. Nonetheless, a break of the bottom of the candle would of course be very negative, and probably have this market heading towards the 1.25 handle. That being the case though, we are very cautious about being involved in this market as it is very choppy and volatile, and has been for some time.
Written by FX Empire