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Lucas: Buying a EURUSD dip
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Steve Lucas explains why he's looking for a dip in EURUSD. Following what he calls "a degree of China relief", Steve suggests that a pullback is temporary.
With sentiment improving, Steve expects EUR to dip initially and above a trend of higher daily lows and key moving averages he will be buying the dip.
Looking to buy at 1.1407
Stop: 1.1359
Target: 1.1623