The EUR/USD pair initially tried to rally during the day on Friday but turned back around and crashed into the 1.08 level. Because of this, we feel that this market simply isn’t ready to make any serious moves, but we could drop a little bit from here. After all, we have been grinding away sideways with a slightly negative tilt. We believe this is going to continue but really at this point in time would prefer to see some type of rally that show signs of exhaustion in order to sell going forward.
