EU Uptrend Still in Play, Just a strong day for USD

With geopolitical risk still visible in the US, I am expecting more of the same performance we have seen the entire year for the US dollar, downward pressure. We are experiencing a small pullback that should turn around in the 1.1930 area. This is where I expect more EU bulls to enter the market and start buying the Euro once more, as inflation numbers and economic growth figures continue to improve in the Eurozone. This area will be a good time to initiate a trade, or add to your existing positions.