I posted on this pair previously and did indeed go short but I’m square again now on the dip as 1.2280 holds once more. Adam too highlighted the level yesterday.
Regular readers know that I generally like to play ranges and this pair has indeed provided some wonderful opportunity to be both long and short. I’ll be watching for a break back above 1.2310 to trigger a further rally to 1.2330-50 for fresh selling opportunities.
Many of you are still keen to pick up more in the dips for a longer-term hold and that also makes for a good strategy, but I still don’t see this pair going in a straight line higher again just yet after its correction from failing to breach 1.2400
EURCHF H1 14 Jan
