Trade Idea
Continued upward momentum from 7497.6 resulted in the pair posting net daily gains yesterday.
Positive overnight flows lead to an expectation of a firm open this morning.
The medium term bias is neutral.
Intraday signals are mixed.
Short term bias is mildly bullish.
Preferred trade is to buy on dips.
Stop: 7485
Target 1: 7775
Target 2: 7850
Continued upward momentum from 7497.6 resulted in the pair posting net daily gains yesterday.
Positive overnight flows lead to an expectation of a firm open this morning.
The medium term bias is neutral.
Intraday signals are mixed.
Short term bias is mildly bullish.
Preferred trade is to buy on dips.
Stop: 7485
Target 1: 7775
Target 2: 7850
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