EURUSD tracks Keltner channel higher
Yesterday's indecisive neutral bias proved correct as for a second day in a row, prices were contained within Friday's parameters. But crucially, yesterday's higher lows were firmly rejected and the market closed near the top of modest net gains on the day.
Management and risk description
A move to 1.0956 means the stop can be raised to break-even.
Entry: buy in 1.0925/30 area and at 1.0906.
Stop: 1.0883 offered.
Target: 1.0956, 1.0982 or even 1.1009.
Time horizon: intraday, ending 1500 GMT.
– Edited by Gayle Bryant