The EURUSD pair broke higher during the course of the session on Wednesday, slicing through the 1.14 level.

By doing so, it shows significant strength, and the likelihood that this market will continue to try to reach towards the 1.15 handle.

That is an area that should be massively resistive, so if we can get above there is very possible that this could be the beginning of a complete trend change.

We buy pullbacks at this point in time, and have no interest whatsoever in selling as the uptrend looks very likely at this point.

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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