The EUR/USD pair rose during the session on Thursday, breaking to the 1.39 handle. The market has been relatively parabolic though, so there is the possibility that we will pullback in the near future. However, that pullback should be a buying opportunity as there is plenty of noise below that could bring buyers back into the marketplace. That being the case, we feel that this market will ultimately break out above the 1.40 level and become a longer-term buy-and-hold type of situation is the situation stays the same. Pullbacks should continue to offer buying opportunities, and that’s exactly how we will play this market.
