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Recommended trading strategies in time for the London session open. Request a one-month trial!EURUSD – Although investors failed to extend on Fridays large gains yesterday, buyers did emerge above the Marubozu level of 1.2554. Buying pressure has now been posted in overnight Asian trading, resulting in the intraday outlook being bullish. Our medium term bias is to the upside and as long as price action can hold above this key level (1.2554) then we look for further upside pressure today. In view of these facts our call is bullish above 1.2550
The profit targets are 1.2650, then 1.2693, Friday’s high, then towards 1.2744-49
The risk to this call is that buying interest is weaker than currently assessed. This would be signalled by a move through 1.2550, Marabuzo
