The 1.2238 level has proven to be a very strong support area for the EUR/USD currency pair. This is telling us that despite the dramatic plunge from recent highs, bullish traders feel very comfortable

The Friday pullback is a possibility given that the EUR/USD currency pair has clime to above the 1.2500 level topping off at around the 1.2540 level earlier this morning and has pullback to the low 1.2400s.