The EUR/USD pair rose during the session on Friday, but remains stuck to the 1.39 handle. This market looks as if it wants to continue to grind in this general vicinity, but right now we are at a massive inflection point. Because of this, we actually need to break out to the upside in order to feel comfortable buying at this point in time, we need to get above the recent highs, but at that point we would expect to see this pair go to the 1.50 level. On the other hand, if we broke down below the 1.37 level, we think this pair would become dangerously bearish.
