The EUR/USD pair initially fell during the course of the day on Friday, testing the 1.08 level for support. However, we turned back around to form a bit of a hammer, and that of course is a bullish sign. Because of this, we believe that the market should continue higher, perhaps reaching towards the 1.10 level, and then perhaps the 1.1050 level. We don’t know whether or not we are going to break out above the resistance of the 1.1050 level yet, but it certainly looks like the buyers are starting to take over again
