The EUR/USD pair fell during the session on Thursday, as a bit of profit taking probably took hold. However, the 1.12 level below should be supportive, but with the nonfarm payroll numbers coming out today, a lot of people will be nervous. With that, I believe that this market will turn things back around and eventually go higher, especially if we get some type of knee-jerk reaction to the downside which could offer value after the announcement. The 1.10 level below should be the “floor” in this marketplace, so therefore we are essentially “buy only.”
