The EUR/USD pair fell during the session on Wednesday, slamming into the 1.30 level again. This level is obviously supportive, and as a result of course we managed to bounce a little bit from that handle. Nonetheless, does look like we’re going to continue a bit lower, but we should expect to see a lot of choppiness and support all the way down to the 1.28 handle, as it was such a serious area of support previously. In other words, expect a downward bias with extreme choppiness. The easiest trade by far is going to be fading rallies that show signs of weakness going forward.
Written by FX Empire