The EUR/USD pair broke higher during the day on Friday, slicing through the 50-day exponential moving average. This is a very bullish candle, and I believe that the upward momentum will continue to push into we reach the 1.0750 level above. And exhaustive candle could be a selling opportunity, but I would need to see that on the daily chart in order to do so. Ultimately, this is a market that will continue to be choppy, but it’s certain that the buyers are in control at least in the short term going forward.
Written by FX Empire