Short term
Trade view / 19 June 2017 at 7:42 GMT

Upside rejection to dominate EURUSD this week

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURUSD
Price target: 1.0932
Market price: 1.1190

Despite bearish sentiment there was minimal net movement in EURUSD last week. A mid-week spike higher and the subsequent 160-pip dip were both rejected. This kept the currency pair fluctuating around the 13-day moving average. 

Given the lack of sustained direction over the last four weeks, the signals cannot be strong. Nonetheless, our technical studies are left negative by price action and we look for the downside to develop this week.

Management and risk description

A move to 1.1131 means the stop should be lowered to break even or better.


Entry: sell in 1.1195/1200 area and any 1.1262 rally.

Stop: 1.1324 bid.

Targets: 1.1131, 1.1069, and 1.0932.

Time horizon: this week, ending Friday 1200 GMT.

Demand stalled:
Demand Stalled

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Source: CQG

Around average:
Around Average
Source: CQG

Long Term
Source: CQG

— Edited by Michael McKenna

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Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here
20 June
David12 David12
Hi Alan, still a bear on this ?
20 June
AlanCollins AlanCollins
20 June
AlanCollins AlanCollins
First target at 1.1131 met so stop can be lowered to break even or 1.1214 at the absolute outside


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