As expected EUR/USD reached 89 ЕМА in the 4 hour filter chart, which coincides with the resistance at 1.1530. The pair formed a shooting star candlestick right under the resistance and, naturally, slowly began descending again. Unless it continues testing the resistance I think it will probably keep falling until it reaches target 1.1370 and he tight range from the past week or so will resume. I am really curious to see what effect the US Non-Farm Payrolls will have on the pair on Friday. I sold again when I saw the hammer but I will likely close any positions before the US Non-Farm Payrolls, it’s just too risky to keep them open.