The EUR/USD pair had another negative session on Friday, breaking below the support that we’ve seen recently. With that being the case, we feel that the market will head to the 1.31 level, and then eventually the 1.30 level which we see as much more supportive. That being the case, we are bearish and believe that rallies will continue to offer selling opportunities. It is not until we break well above the 1.33 level that we would consider buying, and as a result we have no interest in doing so anytime soon.
