The EUR/USD pair had a positive session after going back and forth during the Monday trading hours. However, we are so comfortably above the 1.33 level, and as a result we still think buying is the only route to go. Nonetheless, a pullback to the 1.33 handle wouldn’t exactly be a surprise either, and should end up being a buying opportunity at this point. After all, this market is significantly bullish, and we certainly couldn’t sell it at this point in time. With the ECB not willing to do anything as far as monetary policy is concerned, it looks like it’s open season to buy the Euro.
Written by FX Empire