122.00 stops were gunned in pre-London trading offering us a second scenario entry at 121.76. The max potential gain has been 33 points as we consolidate about 10 points above your entry. Bring your stops to breakeven on this trade as I'm becoming increasingly bullish EUR/USD after a nice 30-minute downtrend channel break following the rejection of 1.2900, as we’ve been watching.





Todd Gordon is a Technical Currency Strategist and Fund Trader with GAIN Capital Group.

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