Article originally published on innerfx.com and republished here with permission
Good morning. Euro holds gains around $1.2500 at time of writing and more upside action is likely, as next barrier is formed at $1.2700.
Market sentiment: intraday – slightly bearish, short-term – bullish
Potential trade strategy: to buy dips at 1.2440/50, stop below 1.2400, target at 1.2650
EURUSD daily 8-27-2012
EURUSD hourly 8-27-2012