I know some of our regulars are long this pair and the technical set-up is a beauty. The double-bottom at 1.2920 is perfect and the neckline at 1.3330 has also held beautifully. We are approaching the first take-profit level at 1.3700 which is the 100-day MA and re-setting on dips back towards 1.3400 looks like the sensible strategy. Overall a move back towards the former consolidation band around 1.4100 looks feasible.
