The EUR/USD pair fell again during the session on Thursday, as risk assets in general sold off. That being the case, it appears that the Euro is on the back foot now, but we did see a bit of support as the 1.32 level in order to suggest that perhaps a bounce from this area. Going forward though, we believe that after these couple of rough days, rallies will be selling opportunities. It isn’t until we get above the weekly trend line above, we simply cannot buy this market as there will be downward pressure.
Written by FX Empire