The EUR/USD pair initially tried to rally during the day on Friday, but turned around to form a less than stellar bullish candle. The 1.0750 level above should be resistive, but if we can break above there I think that the market will continue to go higher. Alternately, a fresh low would signal that the market is ready to reach towards the 1.06 level underneath. Either way, I think you can count on quite a bit of volatility in the market, and thus you’re going to have to be relatively nimble in this market.
Written by FX Empire