The EUR/USD pair initially fell during the day on Friday, but found enough support below to turn things back around and form a hammer. The hammer of course is a very bullish sign and it is sitting just below the 1.15 level which we think is a sign that the trend changes. Above the 1.15 level, we become very bullish as the trend is now “buy only” in this pair, as we see nothing but strength in the Euro recently. We believe pullbacks continue to offer buying opportunities as we continue to try to build momentum to the upside. We have no selling plans at all.
