Potential Buy Alert EURUSD

 

EURUSD

The Euro continues its push higher as sellers get squeezed out of the market so we are still happy to be bias up. The recent sell of in equities saw the USD rally and major crosses drop but we are now see a resumption of the long term Euro trend higher. We still expect to see some volatility but are watching for 1.2169 anchor level to hold and buyers to build the higher lows needed to continue the squeeze higher.

 

Currency Pair : EURUSD

Current Price : 1.23839

Status : On watch for continuation higher

 

 

Previous Alert 24/1/18

EURUSD

The Euro has continued to squeeze out the buyers as price pushes higher. We have been biased up for a while and nothing has changed. The current anchor for the daily leg up is at 1.2169 and we are expecting a strong move up to potentially 1.3300 as the theme of USD weakness and EUR (thanks to European growth) strength. Traders will be eagerly watching the ECB rates announcement and press conference tomorrow night for hints to interest rates outlook. Watching now the lower timeframe charts for pullbacks and buy entry setups.

 

Currency Pair : EURUSD

Current Price : 1.2313

Status : On watch for continuation higher

 

Original Alert 4/1/18

EURUSD

The Euro has been contracting off the highs around 1.2080 and dragging in some sellers ready to squeeze them back out. We see that the sellers out weight the buyers which is fuel to be squeezed back out on a rally as the buyers heap on the pressure. Watching now for the buyers to prove themselves and build a higher low for an entry setup after a pop up through 1.2034.

 

Currency Pair : EURUSD

Current Price : 1.2016

Status : On watch for a higher low and buy entry setup