Fresh long established on Friday in European session following excessive hourly pullback. Despite the retreat, we still see a chance for a bullish weekly reversal and like the idea of buying a dip with hourly studies well oversold. Stop only if market closes in NY below 1.2400.
Long EUR/USD @1.2460
- May, 29 21:30 GMTDaily Observations: Checking in on GBP-crosses, USD-pairs
- May, 29 17:45 GMTEUR/GBP Rebound Vulnerable to Dovish ECB
- May, 28 21:31 GMTAUDUSD & USDJPY in Focus
- May, 28 18:45 GMTEUR/GBP Risks Larger Rebound on Failed Test of March Low
- May, 27 20:50 GMTBuying into USDJPY Strength