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
- Aug, 27 15:45 GMTRetest Looming in USD/JPY?
- Aug, 27 11:30 GMTUSDJPY Retraces to Resistance
- Aug, 25 12:51 GMTEURUSD Retests 1.1450 Breakout Level
- Aug, 24 11:36 GMTNikkei (JPN225) Collapse Breaks Through Wedge Support
- Aug, 21 13:21 GMTGold Sentiment Shifts towards Sellers Long Opportunity