The EUR/USD pair fell during the session on Friday, breaking below the 1.35 handle. This was an area that we had suspected would be significant support, but the fact that we are just 15 pips below it doesn’t necessarily make us want to start selling immediately. It is not until we get a fresh new low that we are ready to start selling, but breaking the bottom of the range for the day certainly has the market looking for the 1.33 handle. Alternately, if we get some type of supportive candle in this area we would consider buying, but we will cross that bridge when we get there.
