The EURUSD pair went back and forth during the day on Friday, eventually settling on a fairly neutral candle.

We could pull back from here, but the pullback should only end up being a buying opportunity as the market will certainly has quite a bit of bullish pressure in it.

Ultimately, the market will more than likely try to get to the 1.15 level, and with the Federal Reserve stepping away from a couple of interest-rate hikes this year, we believe that bullish pressure continues in this pair. We have no interest in selling at the moment.

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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