EUR/USD fell below the 1.35 level during the week, but managed to pop just above it at the close. The pair certainly has a lot of pressure on it at the moment, but with the G-20 meeting over the weekend, there is a good chance that they make some kind of statement regarding the EU, and that they are going to support it. There is simply too much to lose if they don’t. However, we feel that this pair is still going to have a bearish tone, and we would be interested in selling rallies as long as we stay below 1.40 or so. A break of the week’s low has the pair aiming for 1.30 in a hurry.
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