alan3cA
Long

EURUSD - Buy at 1.2045 and 1.2011, Stop 1.1980

FX:EURUSD   Euro / U.S. Dollar
Two consecutive daily closes below the 13 day mvg             avg             did not have the negative impact assessed. Instead, fuelled by the ECB, buying above 1.1900 this time translated into a strong improvement of more than 1 ¼ big figures – taking EURUSD             comfortably above the 13 day mvg             avg             . Despite volatility concerns, we look for this upside to extend and so this morning’s call is Bullish from the open but leaving room to also buy a 1.2011 dip. The risk is 1.1980, the 13 day mvg             avg             , with upside targets of 1.2068, Asia’s peak, this month’s 1.2089 top and 1.2121, the 2015 high point.

Comment: Has traded to first target and so exposure reduced and stop raised to 1.2030. The buy a 1.2011 dip is cancelled
Comment: Marginally short of 3rd target at 1.2121 but would close out longs at current levels and look again next week
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out