The EUR/USD pair rose during the Friday session as the 1.30 level propel the market higher. However, towards the end of the session we did see the Euro selloff a little bit. Nonetheless, we think this market continues to grind around in this general vicinity, and we think that this market will face resistance above at the 1.3150 level, but will also find support at the 1.29 level. Because of this, we think this is a range bound market, and will lend itself as being good for scalping. Going forward, we are fairly neutral of this market, at least until we break out of this range.
Written by FX Empire