The EUR/USD pair rose during the course of the day on Friday, but did not break above the significant resistance barrier at 1.3450. With that, we feel that the market sooner or later will run into enough selling pressure to turn it back around. We recognize that the 1.35 handle is a massive ceiling in this marketplace, and understand that the markets will very likely struggle to get above that handle. With this, we are bearish but do not have the cell signal at the moment that we are looking for. Ultimately, 1.33 will more than likely be tested.
