It was an up and down day for the EURUSD on Friday The pair initially broke higher after disappointing NFP payroll data, maybe due to expectations of further QE. Only to reverse lower, past key support at 1.31 to finish the week only pips away from key daily triangle support. Traders may have been hesitant to hold the pair heading into the weekend due to the election in France on Sunday. Heading into next week, the pair will begin near support at 1.3075. If the cross breaks below this level a test of strong daily support at 1.30 may be in the cards. This level has rejected price action three times in the past. Resistance can still be found at the top of the triangle at 1.3270.
Sup 1.3075 1.30