Trade view /
10 August 2017 at 5:53 GMT
Yesterday's bias was bearish despite highlighting the concern of the proximity of the 13-day moving average. This proved correct but the lows of the day, below 1.1700 and the average, attracted buying interest.
This rally left EURUSD with limited net movement. But while this suggests indecision, it is the rejection of the lows and close above the 13-day line that leaves our technical studies mildly positive despite some Asian selling.
Management and risk description
A move to 1.1771 means the stop can be raised to break even.
buy in 1.1725/30 area and at 1.1706.
1.1771, 1.1794 or even 1.1825.
intraday, ending 1500 GMT.Testing average
Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more
– Edited by Gayle Bryant
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