Buying Euro
I’m watching the EURUSD closely, and it feels like a fresh wave of momentum is building. The pair stopped correcting in early August and since then has jumped about 2.6%, which reminds me a lot of the first strong push higher earlier in the rally. For nearly two weeks now it’s been consolidating, but every dip gets bought quickly — a clear sign that bulls are still in control. I’m planning to go long in the 1.16300–1.16800 area, aiming for 1.19000, with my stop set at 1.15700. It really looks like the next upside leg is just around the corner.
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