Dear Traders,

EUR/USD presents a buying opportunity. There is a bullish-engulfing pattern on the Daily chart from Wednesday and an inside bar formed on Thursday. This indicates that the bullish momentum would continue. I will be looking for a retracement towards the support area of 1.2755, which would trigger a buy order. My stop would be under the level of 1.2620.

Happy Trading,

Colibri Trader

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