The EUR/USD pair broke higher during the course of the session on Friday, but found enough resistance near the 1.10 level to pull back slightly. On top of that, we have the 100 day exponential moving average there, which is slightly tilted to the negative side. Ultimately though, any pullback should end up being a buying opportunity given enough time though, because the weekly charts are starting to show pretty significant supportive signs as we formed two hammers in a row on the weekly chart, which of course is very bullish. If we can break above the 1.1050 level, that would be the “all clear” for buyers.
