The EUR/USD pair initially fell during the course of the session on Friday, but just as we saw on both Thursday and Tuesday, the buyers stepped back into the marketplace and pushed the Euro higher. The market certainly look like they are battling to go higher, but right now we believe that short-term pullbacks will be short-term buying opportunities at best. Ultimately, this is a market that will break out above the 1.15 level given enough time, but in the meantime we will simply have to accept short-term gains. We have no interest in selling until we get below the 1.09 level.
