The EUR/USD pair rose during the course of the session on Thursday, slamming into the 1.10 level. With that being the case, the market did test the significant resistance barrier. We feel that this market can break above here, it could very well find its way back to the 1.12 level, but we also recognize that there is a lot of noise between here and there. In other words, we would probably by the Euro, but not necessarily against the Dollar. On the other hand, if we form some type of resistant candle right here, we would be willing to short this pair.
