The EUR/USD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive. With this being the case, the market feels as if it’s ready to bounce from here, and then could head back towards the top of the consolidation area at the 1.37 handle. With that, we are bullish on a supportive candle, or a break of the top of the range for the Thursday session. We have no interest in shorting this market until we closed well below the 1.35 handle, which at that point in time we would expect the market to go to the 1.33 level.
