The EUR/USD pair initially rallied during the session on Friday, but then fell rather hard as the jobs number out of America came out stronger than anticipated. However, which is often the case, the knee-jerk reaction was turned back around. With that, we found the 1.11 level to be supportive enough to bounce slightly. With this, we feel as long as the pair is above the 1.10 level, it’s very likely that this market probably heads back to the 1.13 level. Nonetheless though, it’s going to be very choppy no matter what happens.
