The EUR/USD pair broke higher during the course of the day on Thursday, bouncing off of the lows from the Wednesday session. That being the case though, we still feel that this market is and consolidation area and therefore we think that somewhere closer to the 1.30 level we will find enough resistance to turn things back around and start selling. If we feel this area starts to show real selling pressure, we will not hesitate to take a short-term position to the downside. On the other hand, if we get above the 1.30 level, we should see this market heading to the 1.32 level given enough time.
