I have been patiently waiting for a spot to buy this pair.
At the moment, it’s a limited-downside trade on improvements in US and Italian politics. Technically, the pair edged through the June lows down to 1.2215 but it’s turned around and is almost flat on the day.
With this one, I’d set my sights low and hope for a rebound to 1.2290 or 1.2300 with a stop at 1.2215.
