Technical Outlook and Chart Setups:
There is virtually no change in the structure, except for the fact that the single currency is up around 200 pips since last few trading sessions, as it was discussed earlier. There is still no reason to believe that this bull run is over. In fact, the euro is setting up to print fresh highs above the level of 104.00. Intraday dips should be treated as fresh buying opportunities or build further positions. Strong support is reinforced by 101.00 and 100.00 levels respectively. It is just a matter of time for the intermediary resistance level around 104.00 is taken out. Bullish for now.
Trading Recommendations:
Hold on to long positions taken earlier around 100.50 region. Move stop to break-even points. Target 104.00.
Good Luck!
