The EUR/USD pair had a slightly positive session for the Friday trading day, bouncing off of the 1.30 level. However, we think that the 1.3150 level above should continue to be resistant, and as a result we think that this market is prone to falling in the near-term. Looking at this candle, it appears we could get a mall rally, and we think this will simply be a chance to sell this pair form higher levels. The area above that should be massive resistance, and because of this we think this pair remains weighted more than anything else. At this point though, we see no real trade set ups.
Written by FX Empire