The EUR/USD pair fell during the session on Friday as the nonfarm payroll numbers in America came out as adding 265,000 jobs in the month of February. The pair features a Euro that is struggling overall, and wrought with problems as far as the economy is concerned. With this being the case, the pair should be falling. However, we are reaching a fairly noisy area below, and we think the 1.28 level should continue to be a “bottom” to the market, but in the end we think this pair will certainly go and reach towards that level. As for buying – we aren’t interested.
Written by FX Empire