The EUR/USD pair rallied on Thursday, as the 1.05 level above continues to offer resistance. This is an area where I would like to see some type of exhaustive candle that I can start selling again. There is quite a bit of noise above there as well, so I have no interest in buying at all. In fact, it’s not until we break above the 1.07 level but I would be convinced that we are going to bounce for any significant amount of time. Longer-term, I anticipate this market reaching towards the parity level.
Written by FX Empire