The EUR/USD pair had a positive session on Friday, as the market went back in the Euro’s favor after a poor jobs number out United States. This is more or less a move suggesting that the Federal Reserve may not taper off of quantitative easing this month, which is something of course nobody truly knows. Because of this, we actually think that it’s best to stay out of this particular market until that decision is made. However, we would do admit that a resistive candle above on a weak looking rally would be a bit too interesting to pass up from the sell side.
Written by FX Empire