Thursday and Friday saw a big push in the shared currency, breaking convincingly through the 1.1250 ceiling and holding steady currently just below the 1.1300 mark.
I'd like to latch onto some of this bullishness up to the 1.1400 mark, but only on a retouch of 1.1250.
Trade idea: Let's wait for a retrace back to 1.1250 followed by a bullish bounce, possibly on the 4- or 8-hour charts. Stops below the swing slow that bounce generates, target just below 1.1400 for a quick play.
I'd like to latch onto some of this bullishness up to the 1.1400 mark, but only on a retouch of 1.1250.
Trade idea: Let's wait for a retrace back to 1.1250 followed by a bullish bounce, possibly on the 4- or 8-hour charts. Stops below the swing slow that bounce generates, target just below 1.1400 for a quick play.