The EUR/USD pair rose during the session on Monday, breaking back above the 1.35 handle. This market looks bullish, we still need to get above the shooting star from last week in order to feel comfortable going long at this point. Obviously, with the bullishness that we’ve seen we have a lot of trouble selling going forward, so we think it’s a “buy only” type of market. However, that resistance has to be overcome in order for trader to be comfortable enough to start buying here. Alternately, if we do pullback a little bit we believe that the 1.34 level should be supportive as well.
Written by FX Empire