The EURUSD pair broke higher during the course of the day, clearing the 1.15 level.

By doing so, this market looks like it’s ready to continue going higher and that the Euro is going to break out.

We believe that pullbacks will be buying opportunities, on signs of support of course. We believe that the market is going to reach towards the 1.18 handle, as the area was previously so massively supportive on the longer-term.

With no interest in selling, it appears of the Euro is going to continue to go much higher.

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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