For a better parts of this week, euro has been on the upperside. As long as the price remains above 1.1498, we expect a possible momentum to the upperside. If you’re not long already you could still look for long position now with the first take profit at 1.1795. On the chart above, we’re waiting for a pullback to the lowerside to pick a long term buy position towards 1.1798. And on the bears side, should the price break below 1.1498, then this could be an ideal place to look for a long term short position towards 1.1325.
We’re looking for a long position now.