The EUR/USD pair initially tried to rally during the session on Friday as word got out that the Greeks were trying to figure something out as far as pain the debt. However, it appears that the market gave back about half of the gains in order to form a bit of a shooting star. In other words, it’s likely that people were quick to take profits as we go into the weekend without a finalize deal. However, we do recognize that there is a significant amount of support below at the 1.10 level, extending all the way down to the 1.09 level. We look at pullbacks as potential buying opportunities on supportive candles.
