I’ve noted this pair as being very well bid, even when there wasn’t any apparent reason. But the technicals have been messy – very tightly range bound with sudden falls followed by sudden surges. Hence I’ve been reluctant to trade it. But the pattern seems to be more bullish than bearish so I’m going long here. A bit late, but with the bigger picture in mind, it should pay off.
Long $20/pip EURUSD @ 1.2981, SL about 50 pips lower.