EURUSD - Key averages to platform gains

Contrary to yesterday's bearish call, the preceding 2 days of consolidation were followed by a renewal of last week’s buying interest. Using the 100 day mvg avg as a platform EURUSD was bought to 2 month highs. Intraday signals for sentiment are approaching overbought extremes but we currently look for any probable, profit taking, negative reactions to prove temporary.

So we look to Buy at 1.1780 and 1.1757.

Targets are 1.1802, 1.1833 or even 1.1851

The risk is 1.1723 offered

The call closes at 4pm London time

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