The EUR/USD pair rose during the session on Friday, slamming into the 1.35 handle yet again. This level should offer a significant amount resistance though, and we also can make an argument for the fact that consolidation could be in the cards as well. This consolidation would have resistance all the way up to the 1.36 level, so therefore we feel that the market could very well produce a resistive candle even after breaking above the 1.35 handle. Because of this, we are not buyers, and as a result we are looking for resistive candles to start selling.
Written by FX Empire