The market has been quick to jump back on the bearish EUR/USD play but personally I feel we are more likely to see extended range trading and consolidation as we head into the Northern Hemisphere summer months.
I’ve initiated a long EUR/USD strategy at 1.1080 with a stop below 1.1000 and a target back at 1.1500. Hopefully we get plenty of sideways action and I get to trade the range.
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