EURUSD
Comment: All very exciting as we set another new record high at 1.4349 but note that Eastern European currencies are doing even better, the Czech koruna at its strongest ever against the Euro. Futures positions still need re-building and the Euro is surprisingly not overbought. Dips towards 1.4200 are seen as medium term buying opportunities for an eventual rally to higher highs.
Strategy: Attempt small longs at 1.4320, adding to 1.4245; stop below 1.4130. Target 1.4400 then 1.4550.
Direction of Trade: →↗
Chart Levels:
| Support | Resistance |
| 1.4306 | 1.4320 |
| 1.4265 | 1.4350* |
| 1.4245* | 1.4400 |
| 1.4180 | 1.4500 |
| 1.4140** | 1.4550 |
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