The EUR/USD pair broke out during the day on Tuesday, as we continue to see bullish pressure. I believe the market is probably going to reach towards the 1.10 level above, which is a large, round, psychologically important number. The market certainly seems to be favoring the upside, and because of this I believe that buying short-term dip should continue to be the way to go going forward as the French elections look less anti-EU than feared. A break above the 1.10 level could send this market much higher over the longer term.
Written by FX Empire