Day trade
/
Buy
Trade view / 12 October 2017 at 5:53 GMT

Support of key average points higher for EURUSD

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURUSD
Price target: 1.1963
Market price: 1.1875
Background

In line with yesterday's bullish bias for sentiment, Tuesday’s break above the key 13-day moving average proved important. This led to continued gains that yielded a third up day from the last four and the highest levels traded for two weeks. Intraday signals for sentiment are becoming overbought but with the market above the crucial average we are looking for setbacks to prove temporary and for the upside to develop towards the top of the daily Keltner channel.

Management and risk description

A move to 1.1900 means the stop can be raised to break even.

Parameters
 
Entry: buy in 1.1868/43 area and at 1.1842.

Stop: 1.1809 offered.

Target: 1.1900, 1.1934 and 1.1963.

Time horizon: intraday, closing 1500 GMT.

Above average
Above Average
 
Overbought
Overbought
 
Long term
Long Term
Source: all charts 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
A compiled overview of Trade Views provided on TradingFloor.com is found here
12 October
As Kurniawan As Kurniawan
good signal Sir,,thank you
12 October
As Kurniawan As Kurniawan
floating sir
12 October
As Kurniawan As Kurniawan
i am wait @1.1845
13 October
As Kurniawan As Kurniawan
eurusd down Sir

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