The EUR/USD pair had a negative session on Thursday, testing the 1.3750 level as support. The 1.38 level above has acted as resistance, so a pullback could be coming. Nonetheless, we think that is simply going to be a buying opportunity in the end, and therefore supportive candles below will more than likely be nice buying opportunities. A break above the 1.38 level is massively bullish, and should send this pair looking for the 1.40 handle. We also believe that the 1.36 level is the “floor” in the market going forward, and therefore would not sell until we were well underneath that level.
Written by FX Empire