I bought this pair last week and had an initial profit target at .8520, which just failed to get filled. I’m not too disappointed as the short-term price action feels constructively bullish, and I’m adjusting my expectations.
I expect prices to be contained inside of a wide .8450/.8575 range with a definite bullish bias. I’m hoping to reduce on any decent 60/70 pip rallies and then look to re-enter on dips.