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Forex pairs in this Article » EUR/USD (Barcelona) - The EUR/USD made fresh year highs on Tuesday after the NFP number, and more gains are expected to in the near future, according to Chris Capre, Founder at 2ndSkies Forex.

Capre notes: "Looking at the 1hr chart below, we can see the pair is holding a bullish flag formation tightly at the top, suggesting little profit taking and counter-trend players. Upside resistance levels are 1.3835 & 1.3972."

Capre adds: "I'll consider a potential breakout, but would rather buy on a pullback close to 1.37 before getting long. So watch the intraday charts closely during early London for clues. If the pressure continues, it will likely not pullback, but if it does, look for a corrective pullback to get long at the aforementioned support below. Only bullish bias at this point."
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