The EUR/USD pair fell initially during the session on Friday, but as the jobs number out of America came in very light, the market shot in the Euros favor. That being the case, the market clear the 1.36 handle, and now looks like it wants to go bit higher. Nonetheless, we see a significant amount resistance of the 1.38 handle, so think that the market should continue to bounce around in this general consolidation area with a slightly positive bias of the next couple of sessions. That being the case, we are not looking to sell the Euro at this point.
Written by FX Empire