Good morning. Euro rallied on Friday after the NFP data release, reaching $1.28 against the US dollar. Other risk currencies such as AUD followed the EUR higher. What’s also interesting these days is that EURCHF started moving, rallying 150 points before pulling back to 1.2070-1.21 where it is trading now.
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips at 1.2700, stop below 1.2630, target at 1.29
EURUSD daily 9-10-2012
EURUSD 4hrs 9-10-2012