The EUR/USD Continues Climbing

EUR/USD tested the support at 1.0720 but could not break below it and the US Non-Farm Payrolls today caused it to started climbing again. As expected, the pair reached 1.1000 and even broke above that level. The EUR/USD correction continues and the pair will likely keep climbing for the foreseeable future. I think it is headed for the resistance at 1.1050, and should it break above that level it will probably continue rising until it reaches 1.1200. Either way, we will have to wait until after the holidays for any further developments.