The EUR/USD pair initially broke higher during the course of the session on Wednesday, but found resistance at the 1.14 level again. We do believe ultimately this pair goes higher, but we will wait until we get short-term pullbacks and show signs of support in order to start going long. We believe that the market will eventually test the 1.15 level, and once we get above there the longer-term trend will be to the upside again. In the meantime, we think those pullbacks will be the best way to get involved as they represent value.
