Hi. I've been building a position on this pair for a month now... If you are not on, the pair may provide a good level for entry at 1.0970 which is the 618 tretracement level on the 2 hour. Otherwise, we should be buying obvious dips within this monthly channel. My first target for the breakeven position will be 115. That area should take us to 122, and then to 130 if we can manage that much of a straightline. I think that above 122 we will run into a wall with dollar buying... but Im trying it.
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I removed one of my longs at 1330 yesterday but otherwise the remaining 12 positions are running. I have a hedge short pulled to break even from that area and am looking for 11210. Holding over the weekend. We should see further dips on this on Sunday evening. I think the selling will stop at 11200 but we will see. If it does stop, I'm loading up again and trading to 116 area. Thanks!!
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I've added more on this with today's dollar news. We are opening lower timeframes and are continuing to buy up ABCDS all the way to 115 this week.
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I pulled a few positions off of euro for profit taking but I love this opening higher on the monthly candle... Staying with the rest of the longs and loading up on Sunday evening.