EUR/USD

The EUR/USD currency pair went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level. This is a scenario where we see a lot of choppy behavior, and I think that will continue to be the case. Going forward, this is all about fading short-term signs of exhaustion, but recognizing that we don’t have very far to go. If you break down below the 1.01 level, then it’s possible that we could go down to the parity handle.