The EUR/USD pair broke above the 1.12 level during the course of the session on Tuesday, which of course is a bullish sign. Adding to that is the fact that we broke above the top of the shooting star on Monday, which of course is also bullish. However, the market looks as if it’s going to be very choppy and volatile on the way up. We have no interest in selling, as we think the market is heading to the 1.15 level, but at this point in time we recognize that it is probably short-term moves that we will be trading on pullbacks.
