The EUR/USD pair fell through the 1.30 level during the Friday session, but found enough buying pressure there to push market higher and above it. This candle is relatively neutral, with a slightly negative bias. Is because of this candle though that we feel a break above the 1.3100 level would be a nice buying opportunity as it would show significant support has come back into the marketplace. There is a lot of noise below this area here, and as a result we think that the easy pips for the sellers have already been had. Because of this, we would rather buy this pair on a breakout higher than sell it.
Written by FX Empire