Daily Outlook: As expected bulls stayed strong on Friday pushing the pair up to new monthly highs just barely breaking 1.30 before retreating. After another day of higher highs and higher lows I will continue with the strategy of looking for buying signals on the day, primarily from support dips, resistance breaks and bullish candlestick signals.
Trading Idea: Primary trade will be to look for buying opps on a dip to 1.2780 support area with targets at 1.2805, 1.2835, 1.2865 and 1.2895 for 115 pips profit.
More aggressive trade would be a tight long on a bullish signal from the 1.2875 support zone.
Happy pipping and I will be back with more when my connection is better!