By FXEmpire.com
The EUR/USD pair rose for the week overall, but it must be noted that it gave up a lot of the gains above the 1.25 level. This shows that there is still considerable pressure on the pair at the moment, and the shooting star like candle for the week sets up a shorting opportunity on a break of the lows for the week. The headline risks coming out of Europe are simply too far for us to get long, and as such we will sell rallies on the first sign of a weak daily candle, or the above mentioned breakdown.
Click here a current EUR/USD Chart.
Originally posted here
