The EUR/USD pair did almost nothing during the session on Friday, but once it fell slightly, you can see that the market did bounce enough to form a little bit of a hammer. Because of this, we think this market will continue to go higher overall, but we need to break the top of the shooting star from the Thursday session in order to feel comfortable going long. As for selling, we have no real reason to think that it will be profitable, so therefore we simply are only looking to buy that breakout to the upside, or a dip that shows a supportive candle lower.
Written by FX Empire