The EUR/USD pair went back and forth during the Friday session, but as you can see formed a shooting star that sits just above the 1.32 handle. This is interesting, as the 1.32 handle was considered the top of the larger consolidation area that the market has been in over the last couple of months, and the fact that we have a shooting star sitting just on top of that suggests that we could perhaps see a return to the previous consolidation area again. On the other and, a break of the Thursday highs is enough for us to start buying the Euro, as it would show real momentum to the upside.
Written by FX Empire