The EUR/USD pair fell during the session on Friday, but as you can see found the 1.37 level to be supportive again. Because of this, we feel that ultimately this market is probably getting ready to bounce, and a break above the top of the hammer from the Thursday session would be reason enough for us to start buying. With that, we feel that this is a “buy only” market until we break down below the bottom of that hammer, which of course since this market crashing down to the 1.35 handle given enough time.
