2016Sep12 I am going long to 1.1271 with a stop at 1.1200.
The price has already retraced to the 38.20% Fib level (1.1241) after a very dovish speech from Brainard.
With the possibility of a rate hike in the near future a little less likely I believe the pair will reach the resistance level of 1.1271 (view on daily chart).
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Target reached, although the stop came extremely close.