Article originally published on innerfx.com and republished here with permission
Good morning. Dollar is under pressure across the board as Germany’s Constitutional Court is expected to give its approval today to the euro zone’s new bailout fund. Tomorrow’s Fed meeting is another important event that is currently putting weight on the dollar.
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to hold long, target at 1.30
EURUSD daily 9-12-2012