EUR/USD News and Analysis (2016.04.18)
The EUR/USD pair initially tried to rally during the course of the session on Friday, bouncing off of what seems to be support at the 1.1250 level. However, we did pullback towards the end of the day so it looks like it could form a shooting star, which of course is a negative sign. However, there’s more than enough support below to keep this market afloat in our opinion, so we are simply looking for a supportive candle that we can buy, or a break above the top of the candle for the Friday session in order to go long.
EUR/USD Chart
Source:Fxempire
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