In line with yesterday's call, buyers were attracted around the 13/100 day mvg avg area for a 3rd day in a row. Gains were modest though and unable to effectively breach Friday’s Marabuzo line. That adds a strong note of caution but our intraday signals are positive and so our call for this morning is a Buy from 7am but leaving room to also Buy any Dip to 1.1066, Tuesday’s open. The risk is Friday’s 1.1039 low trade with an immediate target of 1.1111, Friday’s high. A move through that point then exposes sentiment to 1.1143, the top of the Keltner channel, and 1.1167, the 5 week open.
Supported by Key Averages
EUR/USD Current Trading Positions
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