Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Day trade
Trade view / 12 January 2018 at 6:59 GMT

Watch for extended EURUSD upside after break above key average

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: EURUSD
Price target: 1.2121
Market price: 1.2046
Two consecutive daily closes below the 13 day moving average did not have the negative impact that were assessed as likely. Instead, fuelled by the ECB, buying above 1.1900 this time translated into a strong improvement of more than 1 ¼ big figures – taking EURUSD comfortably above the 13 day moving average.

Despite volatility concerns, we look for this upside to extend.

Management and risk description
A move to 1.2068 means the stop can be raised to break even.


Entry: Buy in 1.2040/45 area and any 1.2011 dip.

1.1980 offered.

Target: 1.2068, 1.2089 and 1.2121.

Time horizon: intraday, closing 1600 GMT.

Above average
Above Average
Strong gains
Strong Gains
Long-term trend
Long Term
All charts from CQG. Create your own charts with SaxoTrader; click here to learn more

For more on forex, click here.

— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here
themis themis
Gd day Alan
Many thanks,though hard to decide today,after yesterday’s sock....
AlanCollins AlanCollins
Marginally short of 3rd and final target. Would close out at current 1.2115 levels
marran marran
gutted to say i have missed this trade!
Bluesboy2 Bluesboy2
Super call Alan. Action packed, bullet move.
AlanCollins AlanCollins
Thanks Bluesboy 2. have a great weekend
TradingFan TradingFan
Hi Alan, happy new year and congratulations! 1st 2018 trade for me....and nice move


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