The EUR/USD pair initially tried to rally during the course of the day on Friday but turned back around as we face a significant amount of pressure at the 1.11 handle. By doing so, we did up forming a shooting star which of course is negative but we also have a significant amount of support just below on the uptrend line. The uptrend line is the bottom part of an ascending trying to from a longer-term chart, so this point in time we are going to step on the sidelines as the market seems to be a bit confused.
