US president Donald Trump's latest round of tariffs land squarely on Europe, Mexico, and Canada with the consequent slowdown in trade likely to reduce demand for oil and refinery products, and transportation fuels in particular.
Day trade
Trade view / 15 September 2016 at 5:47 GMT

EURUSD building a platform for gains

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURUSD
Price target:
Market price:

Against a background of positive weekly signals for sentiment, yesterday was the fourth day in a row that saw buying interest at the 13/100 day moving average area. This time that demand was translated into significant, and sustained, upside. Price action remains within last Friday’s parameters, and the highs were not entirely held. These factors dilute positive signals to a degree but the failure to break lower is, in our assessment, building a platform for gains.

Management and risk description

A move to 1.1265 means the stop can be raised to break even.


Entry: 1.1235/40 area.

Stop: 1.1198 offered.

Target: 1.1265, 1.1286 or even 1.1328.

Time horizon: intraday, ending London 4pm.

Averages support
Averages Support
Long term
Long Term
 Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more 

– Edited by Gayle Bryant

For more on forex click here

Non-independent investment research disclaimer applies. Read more
Aspirin Aspirin
Hi Alan, I am long since Monday, are you adding here?
AlanCollins AlanCollins
yes , but only intraday. And the stop mentioned above is only for today's trade.
Michael Liu Michael Liu
Drop down sharply right now
HaythamSabry HaythamSabry
Alan, still on after the sharp decline?
AlanCollins AlanCollins
yes . diluted signals of course but stop in right place
AlanCollins AlanCollins
First target exceeded, second almost met. Stop now assessed as break even at worst and 1.1245 ideally.
Bullionaire Bullionaire
Can go long now @ 1.1162 ???


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