Although the EUR/USD pair had a slightly negative session on Tuesday, the fact of the matter is that we bounced hard enough on Monday to suggest that there is quite a bit of buying pressure underneath. With that being the case, the market should continue to go higher and we look at pullbacks as potential buying opportunities. The 1.14 level above should offer quite a bit of resistance going forward, probably extending all the way to the 1.15 handle. Ultimately though, we believe that the market will break out. In the meantime though, look at short-term pullbacks as short-term buying opportunities. We have no interest in selling.
