The EUR/USD pair fell hard during the session on Friday, slamming into the 1.3500 level. This is an area that should provide a lot of support though, and even though we closed at the very bottom of the candle for the day on Friday, we would be a little hesitant to start selling here, it would probably like to see the 1.34 level broken to the downside before we got too excited about shorting the Euro. Because of this, we are very cautiously watching this pair, and waiting for something that’s more along the lines of an obvious signal.
Written by FX Empire