Short term
Trade view / 01 August 2016 at 8:51 GMT

EURUSD bulls return to dominate this week

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

A sequence of three down weeks ended over the last five days. Buyers emerged above June’s low, and near a 62% correction point, for a second week in a row and this time it translated into more significant demand. In fact the resulting improvement, reversed three weeks of net losses, reached the mid-point of the weekly Keltner channel and traded comfortably through the 13/200 day moving average area. 

Some reaction is likely but we expect setbacks to find fresh demand in the coming days.

Management and risk description

A move to 1.1235 means the stop can be raised to break even or better.


Entry: buy in 1.1165/75 area and any dip to 1.1124.

Stop: 1.1022 offered.

Target: 1.1235, 1.1281 or even 1.1426.

Time horizon: ending August 5, 1400 CET

Losses regained:
Losses Regained
Source: CQG

Through averages:
Through Averages

Source: CQG

Long Term

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Source: CQG

— Edited by Clemens Bomsdorf

Non-independent investment research disclaimer applies. Read more
assi assi
Hi Alan, can you please give advice for USDCAD... im looking to sell....thanks Alan


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