Day trade
Trade view / 06 September 2016 at 5:56 GMT

EURUSD sentiment turns bearish

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

EURUSD's strong upside rejection on Friday of levels above the 13 and 100 Day Moving Averages left our signals for sentiment for this week as bearish.

That has yet to be confirmed as Monday’s price action was muted below those lines, but above the 200 DMA. Without a rally in the pair, most indicators look bearish at this point.

Management and risk description

A move below 1.1123 means the stop can be lowered to break even.


Entry: Sell in 1.1150/55 area and any rally to 1.1166.

Stop: 1.1196 bid.

Target: 1.1123, 1.1106 or even 1.1069.

Time horizon: Intraday, ending London 1600.

Upside rejection
Upside Rejection

 Weak signals
Weak Signals

 Long term
Long Term

Source: All charts, CQG

— Edited by Adam Courtenay

For more on forex click here             

Non-independent investment research disclaimer applies. Read more
AlexF AlexF
1.166 holding so far crude moving negative
AlexF AlexF
had to reverse erase loss so far


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail