The EUR/USD pair tried to rally during the session on Thursday, but found the area above the 1.36 level to be a bit resistive, and turned things around to form a shooting star. This doesn’t surprise us, and quite frankly a fall back into the consolidation area that we’ve been in for several sessions now is in exactly out of the question. A break above the top of the candle of course is significant but we believe the market will struggle to get above the 1.37 level. Pullbacks to the consolidation area or the 1.35 level should bring out the buyers and push this market back up.
