The EUR/USD pair initially tried to break higher during the course of the day on Friday but found the 1.15 level above to be far too resistive for the market to continue going higher. With that being the case, the pair fell and it ended up forming a rather negative looking candle. With this, we believe that the market should continue to be very volatile and therefore we are sitting on the sidelines as it seems that the markets don’t really know what to do at this point in time, especially now that the Federal Reserve has sat on the sidelines.
