The EUR/USD pair had a fairly calm session as we continue to bounce around in the general vicinity. We seem to be attracted to the 1.29 level, we think ultimately this market will break out to the downside. If we do, the market should aim for the 1.28 level. The 1.30 level above should be resistive, and as a result we are looking for short-term candles that show signs of selling, and as a result we are on the sidelines and waiting for an opportunity to buy the US dollar, or sell the Euro on perceived value.
