The EUR/USD pair fell during the bulk of the session on Thursday as the Europeans went to negative real interest rates. However, you can see that perhaps the market had already priced this in, and the 1.35 level held firm like an absolute stone wall. With this, the only thing that we are fairly confident of at the moment is that the 1.35 level will continue to offer significant support. On a pullback during the nonfarm payroll number, we will be looking for supportive candles in order to go long. If we don’t have that, we will more than likely wait until the end of the day to further analysis.
