Daily Outlook: Despite the lower low yesterday I'm actually looking for some more gains with the pair as we see a classic example of buy the rumor, sell the news - the ‘rumor' being the Goldman Sachs lawsuit and the ‘news' being that the lawsuit will not be as bad as everyone thought it was going to be.
Trading Idea: I will look to open a small long in the support zone of 1.3415-1.3400, with targets at 1.3445, 1.3475 and 1.3500 (for 100 pips). I will also look for a short opportunity at the top of the medium-term channel currently at 1.3600 if the price continues to rise.
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