The EUR/USD pair broke higher during the course of the session on Thursday, as we start to test a significant amount of resistance between the 1.09 level and the 1.11 handle. Ultimately, if we get some type of resistive candle in that general vicinity, we will not hesitate to start selling again. We have no interest in buying the Euro, because without a doubt the European Union continues to struggle economically and the European Central Bank continues to keep an ultra-loose monetary policy. With the nonfarm payroll numbers coming out today, we are looking to sell any type of short-term rally that we get.
