The EUR/USD pair initially try to go higher during the session on Friday, but as you can see the area above the 1.36 level offered far too much resistance, and the market pullback in order to form a somewhat of a shooting star. That being the case, we feel that this market will continue to fall, probably looking for some type of support below. We would not short it though, there seem to be far too much in the way of that expected support, so we are looking for supportive candle to buy or a breakout above the top of the range from the last two sessions in order to go long.
Written by FX Empire