Notwithstanding the risk aversion in the market and the sell-off in EUR/JPY and EUR/CHF, Friday’s price action in EUR/USD looked very bullish to me and I’d prefer the buy-dip strategy here. Perhaps selling USD/CHF rallies makes more sense but the SNB won’t give up EUR/CHF without a fight. Any levels near 1.3700 are starting to look like dips.
