The EUR/USD pair fell during the session on Friday as you can see, making a fresh new low. Because of that, we feel that the 1.22 level will be tested to the downside, and if we break below there at that point time we feel that the 1.2050 level will in fact be targeted. This is our longer-term target anyways, it was the beginning of the uptrend that we have now completely obliterated from last year. The Euro will continue to be one of the currency you can sell every time it rallies, and that’s going to be especially true against the US dollar.
