EUR/USD fell during the course of the day on Friday, testing the 1.28 level yet again. However, we did not break down below that area and as a result we feel that this market should continue to go sideways. If we do break down below the 1.28 level on a daily close, we would be very bearish at that point in time. However, we think that very short-term trades are about the only thing that you will have possible in this market. Quite frankly we have been ignoring this pair for the most part, but do recognize that a resistant candle near the 1.30 level would be an excellent selling opportunity.
