Short term
Trade view / 15 August 2016 at 6:08 GMT

EURUSD shows positive sentiment signals

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom

The previous week’s failure after reversing no more than half of the preceding week’s gains proved relevant. Buying interest built around the 200-day moving average and translated into more significant upside in the second part of the week – platformed by the 13-day line. Gains were not exceptional – stalling at a daily Marabuzo line and short of the 100-day average. But although these factors inspire caution, our signals for sentiment are positive.

Management and risk description

A move to 1.1221 means the stop can be raised to break even.


Entry: buy in 1.1155/60 area and any dip to 1.1089.

Stop: 1.1022 offered.

Target: 1.1221, 1.1281 or even towards 1.1426.

Time horizon: this week, ending Friday 1300 London time.

Buyers return
Buyers Return
Average platforms
Average Platforms
Long term
Long Term
 Source: all charts from CQG. Create your own charts with SaxoTrader; click here to learn more 

— Edited by Gayle Bryant

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Non-independent investment research disclaimer applies. Read more
16 August
AlanCollins AlanCollins
Through 1.1221 target and approaching the second at 1.1281 - where stops can be pulled as tight as 1.1221.


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