The EUR/USD pair rose during the session after initially falling on Monday, but as you can see found trouble at the 1.38 handle yet again. In the end, we believe this is the beginning of for a significant resistance, although it would not surprise is that all to see the market start climbing from here. The fact that we are closing to close to the 1.38 handle does in fact in for that there is a certain amount of bullish activity when it comes to the Euro, and with that being the case, we are definitely buyers, not sellers. On pullbacks, we think that there will be plenty of people out there willing to step into this marketplace.
Written by FX Empire