EURUSD - signals continue to point higher
​After Tuesday's firm rejection of 6 month highs, yesterday's call was a negative one. But although lower prices were posted in late trading the real story was one of muted trading with limited price action. However, in the latter part of the day a more significant bounce from the setback lows was seen. Net gains were modest but enough to indicate that profit taking was at an end. So, with a degree of caution, our call for this morning is a Buy from 7am but leaving room to also Buy any Dip to 1.1198, intraday Marabuzo line. The risk is 1.1168, yesterday's low, with an immediate target of 1.1268, this week's peak. A move through that point then exposes sentiment to 1.1286 and 1.1314.
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