The EUR/USD pair went back and forth during the session on Wednesday, showing the 1.35 level as being supportive. We still have the 200 EMA just below, which of course offers dynamic support as well. However, we have the nonfarm payroll number coming out on Friday, which of course will keep this market fairly quiet. That being the case, we are on the sidelines but recognize that there is a lot of support below us, so if anything there’s probably more of a risk to the upside than down at the moment.
