Trade view /
03 January 2018 at 6:38 GMT
The downside rejection of December’s lows extended yesterday.
This latest improvement took EURUSD close to last year’s highs and although the highs were not maintained, the market is tracking the upper band of a positively trending Keltner channel.
So, allowing for the limited profit-taking scenario to continue, we look for investor demand to extend through 2015 highs.
Management and risk description
A move to 1.2082 means the stop can be raised to break even.
buy in 1.2050/55 area and at 1.2026.
1.2082, 1.2121 or even 1.2158
Intraday, closing 1600 GMT.Positive channel
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– Edited by Gayle Bryant
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