The EUR/USD pair rose during the course of the day on Friday, but as you can see we stopped just below the 1.34 level again. However, the weekly candle for the third week in a row is a hammer, so we feel that a move to the 1.35 level is very likely. We think that the sellers are starting to lose momentum, and as a result we are more bullish than bearish, but quite frankly think of this is a short-term buying opportunity on a break above the 1.34 handle more than anything else.
