The EUR/USD pair fell during the session on Friday, but found support down at the 1.2950 range. We bounced from there, and closed right at the 1.30 handle. The shape of the candle is a hammer, in this suggests that there is real buying power underneath the move higher that we saw on Thursday. Because of this, we feel that this market will more than likely continue higher, on a break of the highs from the Friday session. If we get that break, we believe that this market will grind its way towards the 1.32 handle.
Written by FX Empire