The EUR/USD pair went back and forth during the course of the day on Friday, essentially settling nothing. But the one thing that we did see was that the 1.11 level continues offer support, as does the area just above it. With this, we believe that eventually the market will break out to the upside, and a move above the 1.12 level that is sustained will be bought by us as we believe the market will then head back to the 1.14 level. We think that the uptrend line offers enough support, as does the 1.10 level below to keep buying.
