The EUR/USD pair went back and forth during the course of the day on Friday, essentially settling on a neutral candle. With that being the case, the market looks as if we are simply banging around and trying to find some type of clarity. With that being the case, we feel that the market should find buyers below, as there is quite a bit of noise. That being said though, we don’t hang onto any long position for any real length of time. We don’t necessarily believe that the market will be over to break above the 1.13 handle in the short-term. This is one of our least favorite markets at the moment.
