The EUR/USD pair gapped higher at the open on Monday, but as you can see spent the rest of the day pulling back. This however does look like it’s somewhat supportive though, and because of that we think that the market will continue to go higher in the end. We think that the 1.34 handle will be resistive though, and 1.35 level certainly be a barrier. Going forward though, we would be buyers overall but have to admit that move below the 1.3250 level is in fact a very bearish sign as the market would have broken down through significant support.
Written by FX Empire