Despite the Bullish Morning Star in the background, there was limited movement in EURUSD yesterday. The US holiday did little to encourage trading and, for a 2nd day in a row, the market oscillated around the 13 day mvg avg and remained within Monday’s parameters. Obviously this type of price action does not create clear signals for sentiment but aggressive gains in Asia are confirming the positive bias.
Buy at 1.1675 and 1.1656
Stop is .1.1618 offered
Targets - 1.1700, 1.1720 and 1.1743.
Closes 4pm London time