The EUR/USD pair did very little during the session on Tuesday, essentially pulling back from the 1.38 level. That being said, we think there are serious amounts of support below, so therefore were looking for supportive candles in order to start buying again. Ultimately, we think this market will find its way above the 1.38 handle, and aim for the 1.40 level because of this, we are mildly bullish of this pair, but recognize the fact that it has been choppy for the last several years in general, and we don’t think the 2014 is going to be any different.
Written by FX Empire