Good evening traders. Our institutional research is showing that this .707 level may protect the downside. Given the Dollar strength the odds will be in our favor on this play. As always we will be using a 30-40 pip stop loss and look to get whatever we can on the downside. There is support down in the .698-.697 zone which may act as a magnet for price with traders eyeing it.
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Price did not get up to .7070 last night ... we are eyeing support for a potential buy