A higher correction is expected. Broken out of the channel formation to the upside. The gap open from 1.2406 to 1.2414 has now been closed. The bias remains mildly bearish but there is scope for a move in either direction at the open. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 1.2450 Stop: 1.2410 Target 1: 1.2600 Target 2: 1.2675
EXPIRES AT 9PM
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Triggered - See the video for more analysis on why we bought this today.