The EUR/USD has popped above $1.1857 this morning, following  news that the Spanish government is expected to trigger article 155 on Saturday. As of writing, the pair is now meandering at $1.1810.

We are keeping our views posted on 18^th October unchanged!

On the 30 mins chart, the price action on the EUR/USD is suggesting a short term bullish setup with a possible rise to $1.1945 followed by $1.2077. On the flip side, a dip below $1.1733 might see immediate support at $1.1713. However, a move below $1.1667 would invalidate our bullish count!

 

 

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