If I absolutely had to take a position in EUR/USD at the moment, I’d prefer to be long with a stop below 1.3260. Thankfully I can choose not to take a position and I will happily sit back and see what develops as the bulls and bears fight for control around a 1.3350 pivot. If the bears win, and can also break below 1.3270, then I would revert to a sell-rally strategy. If the bulls can hold this 1.3270/1.3350 support band, then they can build a strong base for a move towards 1.4000.
