The pair fell significantly during the week but turned around the to form a HAMMER chart weekly(Bullish sign). Targets 0.89. if it does break above 0.90 then the markets goes looking towards 0.93.
One thing that could help as if the EUR/USD pair breaks significantly above the 1.25 handle, as it could send the EUR higher in general. I don’t like the idea of shorting this market, at least not until we would break down below the 0.86 handle underneath, which would send this market down towards the 0.83 level again. I think you can expect volatility, and quite frankly it’s probably easier to trade this market from a shorter-term time frames.
One thing that could help as if the EUR/USD pair breaks significantly above the 1.25 handle, as it could send the EUR higher in general. I don’t like the idea of shorting this market, at least not until we would break down below the 0.86 handle underneath, which would send this market down towards the 0.83 level again. I think you can expect volatility, and quite frankly it’s probably easier to trade this market from a shorter-term time frames.