The EUR/USD pair rose during the course of the day on Friday, but as you can see the 1.30 level has offered resistance yet again. That being the case, we ended up forming a shooting star, and it appears that we are ready to stay within this trading range. However, on the weekly chart we have formed a hammer so if we can get above the 1.30 level, we feel that this market will break out to the upside and head towards the 1.3250 level. Because of this, we are cautious but think perhaps the Euro will get a little bit of a reprieve.
