The EUR/USD pair tried to rally during the session on Friday, but as you can see got be back a little bit and formed a shooting star. The 1.35 level continues to offer itself as a trading range for the markets in general, and as a result we think it’s a bit of a magnet for price. It looks like this market could pull back a little bit from here, but we would expect any move to last below the 1.34 handle as it looks very supportive. Alternately, if we get a move above the highs of the session on Friday, we would be buyers as it would show the Euro breaking out.
Written by FX Empire