The EUR/USD pair broke higher during the course of the session on Friday, closing above the 1.08 level. It looks like we are heading back to the 1.10 level given enough time, but we also recognize that this is a market that is essentially stuck in a consolidative area. We are more than willing to sell this market on signs of resistance near the 1.10 level, or any type of resistive candle between here and there. We have no interest in buying the Euro there are far too many reasons to avoid it.
