The EURUSD pair rose during the course of the day on Thursday, breaking above the top of the shooting star from the Wednesday session.

On top of that, we are well above the 1.13 level, so we will more than likely try to reach towards the 1.15 level given enough time.

That is a major resistance barrier though, so don’t be surprised if we have to attempt to do this several times. With that being the case, it’s very likely that pullbacks will be buying opportunities as well.

With the Nonfarm Payroll Number coming out today, expect volatility.

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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