I like buying EURUSD dips as SSI shows traders remain aggressively short, and the trend remains in favor of further gains.
I got stopped out yesterday as price broke the morning low and yet came right back. It's obviously frustrating, but you can only speculate on probabilities and stick to your convictions.
I've done the same today, and hopefully a continuation higher leaves me at a profit. I went long at market (1.3280 at the time), with a stop below the morning's low of 1.3233. Keeping a minimum 1:1 risk/reward here with initial targets of 1.3320.
-- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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