#EURUSD - 13082024
I was bullish EURUSD yesterday, and it was helped much by GBPUSD strength which provided clue to the direction. But much whipsaw movement for EURUSD yesterday. TBH I think it is dumb if you are bullish but got killed by the whipsaw, especially, while trying to get a confirmation, or trying to get the perfect entry.
Anyway, overall, I am still looking for a move higher for EURUSD. A dip will be a gift to go long, with 1.0990 as a potential price target. Price holding above 1.0936, a long on a breakout, would also be a potential entry. But we have US PPI later today, thus anything can happen. A deeper dip, IMO, is still an opportunity to look for longs.
Anyway, overall, I am still looking for a move higher for EURUSD. A dip will be a gift to go long, with 1.0990 as a potential price target. Price holding above 1.0936, a long on a breakout, would also be a potential entry. But we have US PPI later today, thus anything can happen. A deeper dip, IMO, is still an opportunity to look for longs.
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