The EUR/USD pair fell during the balance of the session on Friday, but as you can see the 1.30 level has offered support yet again. Interestingly enough we have seen two hammers in a row now, and it should signify that the market is going to find enough support at the 1.30 handle in order to continue higher. That being said, this pair tends to be very volatile these days, and headline risks still exists. On a break of the highs from the Friday session though, it’s time to start buying. If we managed to break down below the bottom of both Thursday and Friday, that is a horribly bearish sign.
Written by FX Empire