The EUR/USD pair shot straight up during the session on Tuesday as the nonfarm payroll numbers came out rather disappointing fashion. That being the case, we clear the 1.37 level with ease, and now it appears that we are heading towards the 1.40 level before it’s all said and done. That being the case, we feel that buying on the dips from short term charts will be the way to go going forward, and selling is absolutely impossible. In fact, we would not be surprised see the 1.40 level over the course of the next week or two as this market looks like its ready just check out to the upside.
Written by FX Empire