EUR/USD/FXWW News/Trade Ideas

EUR/USD: Likely to test 1.3400 over few days

Despite political unrest in Portugal, the market seems to be quite happy buying EUR or at least is in no rush to get short. The crosses are all looking reasonably stable at present and the charts show us the same old picture, sideways trade inside a well-worn range between 1.2750 and 1.3400.

Given that the short-term trend is bullish, I’d suggest buying any 100-pip dips over the next few days in expectation of a move towards the upper end of the range. Then you can try selling again when everyone else gets bullish at the top!

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