EURUSD - Sell at 1.2415 and 1.2455. Stop 1.2493, Thursday

FX:EURUSD   Euro / U.S. Dollar
Yesterday's report highlighted a lack of clear direction for investor sentiment but also the support of a Marabuzo line created Jan 24th. These conflicting signals were emphasised by price action that kept EURUSD in a narrow range and, for a 2nd day in a row, limited net movement. Despite the underlying positive Keltner channel, immediate studies cannot be strong but our intraday studies are assessed as mildly, temporarily negative. So, this morning’s call is a Very Cautious Sell at 1.2415 but leaving room to also Sell any Rally to 1.2455. The risk is Friday’s 1.2493 top with an immediate target of 1.2387, yesterday's low. A move through that point then exposes sentiment to 1.2362 and this week's 1.2336 base.
Feb 07
Trade closed manually
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out