5:26a GMT - Are you a top PipHutter? You may have noticed the new leaderboard on the right hand side of PipHut this morning. In short it displays the top commentators of every month (so the current board is for the past 5 days). A quick note to on getting involved - I highly recommend it. Even if you feel like a beginner with not much to offer - I'm sure there's at least a question or two each day that you could answer! Or at least try to answer. Remember - trying to answer questions builds more knowledge than just asking them.
On to today's signal! Regardless of which signal you used yesterday (a dip to 1.4810 area or a break of 1.4855) pips were made. After touching 1.4810 the pair shot through 1.4855 and peaked out above 1.4915, netting us good pips all the way. Technically and fundamentally nothing has changed since yesterday - in fact a higher high has been established so if anything we are more bullish now. We will continue to look for buying opportunities on dips.
Trading Idea: We have support in the 1.4830-1.4810 area and I will look for dips in this area to buy on with targets at 1.4855, 1.4880 and 1.4910.