Brave buyers of EURUSD on the lows yesterday have been rewarded with a rally of more than a big figure back to 1.3450 this morning. We still believe that risk sentiment, and therefore EURUSD, will stay supported into tomorrow’s ECB meeting and the EU summit on Friday, and we will continue to buy dips in risk for the time being. Buy EURUSD pullbacks to 1.3380/1.3400, looking for 1.3480/90 to give way for a move to 1.3600 into the ECB meeting.
