The EUR/USD pair drifted back and forth during the session on Thursday, as the markets look relatively quiet overall. With the exception of the British pound, there wasn’t much in the way of market moving momentum, and I think that this pullback has been good for the market overall, that I think will eventually rally from here. However, there is plenty of support below at the 1.18 handle, and we may need to build up enough momentum to finally break above the 1.20 level. Ultimately, this is a market that should continue to be volatile, but I think that this pullback is going to be healthy for an extended rally that we have seen.
Written by FX Empire