Potential Buy Alert EURUSD

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

 

 

Previous Alert 5/1/18

EURUSD

The Euro kicked on higher and played out beautifully building the higher low for the buy entry setup as planned. We now see some minor profit taking and pullback up at resistance to build a higher low and then we will be watching for another spike higher to continue the daily trend up (Refer to Chart for buy entry scenario in green).

 

Currency Pair : EURUSD

Current Price : 1.2071

Status : On watch for a higher low and continuation

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