The 1.37 level continues to offer a little bit of a barrier in the EUR/USD pair, as was seen on Thursday. However, it appears that it’s only a matter of time before this market breaks down, but until we get that move, we are on the sidelines. We certainly don’t see any reason to start buying in this region, especially without the proper supportive candle. With that, we have a negative bias, but recognize that the market needs to make a move before we risk any of our trading capital on what has been an extraordinarily choppy market.
