Some overnight weakness was resolved to the upside at the US session open today, although it looks like a new “ledge” may be forming just below 134.00. News driven pumps for the dollar have unsettled the EUR side of this pair but this just might be a temporary condition. Given the expected POMO mojo noted yesterday and the propensity for EUR/USD to follow suit, the odds actually favor the long side. Intraday dime skimming continues as my tactical approach with the latest 10 pip contribution reflecting a simple LR 14 channel play.
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