The EUR/USD pair rose during the session on Tuesday as the 1.3350 level has acted as support. This market does look like it wants to consolidate between the 1.33 level and the 1.350 area, and as a result we expect sideways motion for the next couple of sessions. With that being said, we feel that this is more a short-term traders market currently, and as a result have no real set up be on the average buy and sell of the ultra-short-term day trader. Going forward, we fully expect the market to get bullish again, and would be willing to start buying more aggressively on a break of the shooting star from last week’s that is focused on the 1.35 handle.
Written by FX Empire