The EUR/USD pair tried to rally during the session on Friday, but as you can see failed in the end and formed a shooting star. This shooting star signifies that the market will more than likely continue the downtrend, but unfortunately it sits just upon a massive support level at 1.30 or so. That being the case, this is a very difficult market to trade at the moment, and as a result we think more noise will continue to be the order of the day. We are sitting on the sidelines, as the potential for fake outs is very high.
Written by FX Empire