The EUR/USD pair fell significantly during the day on Friday, after initially forming a shooting star from Thursday. That being the case, we broke down below the 1.1250 level, which had previously been support. With this, looks as if the Euro will continue to lose value, but it is going to be choppy on the way down. Looking for short-term rallies that show signs of exhaustion in order to start selling. With that being the case, it’s very likely that lower prices will continue to be the future in this marketplace, as the Europeans look likely to do whatever it takes to weaken the value of the currency.
