We look to Buy at 1.0737 We will cut loss at - 1.0719 Our profit targets will be 1.0789 and 1.0799 Risk to reward ratio - 2,9:1
Preferred trade is to buy on dips. Price action continued to range between key support & resistance (1.0733 - 1.0830) and we expect this to continue. We look to trade current range. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0737, resulting in improved risk/reward. Dips continue to attract buyers.