The Euro has rallied a bit during the trading session on Friday only to give it all back up. Ultimately, this is a market that sees a lot of resistance at the 1.19 level that extends to the 1.20 level above. Furthermore, when you look at the longer-term chart it is easy to see that we are trading between 1.20 on the top, and the 1.15 level underneath. With that being the case, the market is likely to be thought of as a bit expensive at the moment, but it is worth noting that the most recent pullback stop that the 50 day EMA. In other words, we are at another “decision point” yet again.