The EUR/USD pair fell slightly during the course of the session on Friday, but bounced enough to form a little bit of a hammer. With that being the case, the market should continue to go higher as we try to build up enough momentum to finally break above the 1.15 level for good. Once we do, that is a longer-term “buy-and-hold” signal, and we think that the market is essentially trying to build up the inertia to do just that. This won’t necessarily be easy, but we do think that this pair eventually takes off to the upside.
