The EUR/USD pair shot straight up during the session on Thursday, using the 1.3550 level as a springboard. We had suggested that breaking the top of the shooting star from the Wednesday session could send this market higher, but probably finding the 1.37 area as resistive. However, we were quite surprised to find the area hit the very next day. With that, we think that this market will more than likely continue to go higher, probably looking for the 1.38 level. A pullback at this point time will more than likely be supported by people wanting to enter the fray as this market suddenly looks very bullish.
