EUR/USD - Maintaining The Buy Stance - 6/7/2016

2016年6月7日

Yesterday's Yellen appearance hasn't been able to dampen the Euro spirit and that tells us that a trip to 1.1500 and above is coming. We maintain the sell US dollar stance mentioned in previous trade idea. Out of those trades, AUD/USD is now almost approaching the target. AUD/CAD hasn't been able to fly that well but we will keep it on a tight leash because of possible oil breakout above 50.
Until something changes significantly, we are dip buyers in EUR/USD.