I’ve been patiently waiting for a decent dip in this pair and I will start testing the water around .7040. If we start trading for any length of time below .7000, then I will abandon this buy-dip strategy.
EUR/USD should find decent support ahead of 1.0700 again and cable is expected to run into headwinds above 1.5250.
As always, let’s see how the market develops.
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