Great time to get fired up, on a Friday afternoon.
EUR/USD has broken through its hourly downtrend at 1.2361 and has probed close to yesterday’s 1.2388 highs. 1.2385 is the high so far.
Classically, EUR/USD should pullback to retetst the trendline before making another stab at the highs. Buying sips toward 1.2360 with a tight stop looks like a safe day trade.
A break of 1.2388 opens the way for a 1.2467/1.2490 area retest.
Equities are 0.75% firmer while US yields are steady. Oil is up $2.50
Don’t forget the 1.1900/1.2500 DNT…It’s still out there, as far as we know…
