The EUR/USD pair fell again for the second session or a row on Friday, challenging the 1.36 support region. There is a significant amount of support below though, so even though this market looks like it’s going to selloff, we prefer to stay away from selling as a bounce could be coming from this general vicinity. We believe that this market will continue to be choppy between now and Friday which of course is the nonfarm payroll report, but we do think that the rallies will continue to be selling opportunities between now and then.
Written by FX Empire