The EUR/USD pair fell during the session on Wednesday, but as you can see really didn’t go far in the end. We simply seem to be going sideways overall at the moment, and this makes sense considering that the markets are worried about what the Federal Reserve is going to be doing as far as tapering in the month of September. As the Federal Reserve is not made an intention clear yet, it makes complete sense that the market simply do not know what to do at the moment. Because of this, we are essentially ignoring this pair at the moment, and don’t buy it until we get above the 1.35 level, or sell it until we get below the 1.32 handle.
Written by FX Empire