The EUR/USD pair had a slightly negative session on Friday, as the 1.08 level looms just above. I think we may need to back up just a little bit in order to build enough momentum to finally break out above that handle. Once we do, the market could go to the 1.10 level, and then possibly the 1.12 level after that. I think that the 1.07 level will offer a bit of support, just as the 1.06 level under there should. Either way, it’s going to be a very choppy market it almost always is anyway, so you will have to be nimble.
Written by FX Empire