EUR/USD Pull Back

   The EUR/USD pair rallied a bit during the session on Thursday, as Americans would have been away for Thanksgiving. I believe that ultimately the market is going to continue to go higher though, and the pullback should offer buying opportunities. The 1.17 level underneath continues to be support, as it has significance from both a support and resistance level recently. The neckline from the head and shoulders pattern should now be massively supportive. The market looks likely to reach towards the highs again at the 1.21 level, so I like buying short-term dips to give us an opportunity to take advantage of a falling US dollar as the US Congress cannot get the tax bill finish, and that of course has been weighing against the greenback in general.