The EUR/USD pair had an absolute ridiculous session during the day on Thursday, as we initially fell all the way down to the 1.08 level, and then turning right back around to break out and above the recent consolidation area. Because of this, it looks like the market is ready to go higher over the longer term, and therefore we are buyers of short-term pullbacks as the Euro certainly is looking strong all of a sudden. The 1.1050 level should now be supportive, so we would look at pullbacks all the way down to that level as potential buying opportunities.
