We are still holding long EURUSD since 1.5480 and we expect it will continue to move north with target at least 1.5900. Todays German IFO should provide good buying opportunity if the news come out lower than expected and continue bullish momentum if IFO better than expected.
Please take note that rising gold and oil will continue to weight on dollar. Moreover, the headline from US such as housing and employment weakness will further strengthen dollar bearishness.
Choppy price action will continue to dominate the market while any downmove should provide better opportunity for trader to add long position for major pair
Good luck in your trade
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