EURUSD setback finds buyers at key average
A sharp turn in sentiment ended a sequence of two down days and took EURUSD back to the 13 Day Moving Average in Asian trading. That point was not clearly breached – which is a concern – but most signals remain cautiously optimistic.
Management and risk description
A move above 1.1304 means the stop can be raised to break even.
Entry: Buy in around 1.1280/85 area and any dip to 1.1263.
Stop: 1.1232 offered
Target: 1.1304, 1.1323 or even 1.1355
Time horizon: Today, 1600 GMT
— Edited by Adam Courtenay
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