EURUSD
Currency Pair : EURUSD
Current Price : 1.1412
Status : Watching for Further Short Squeeze
The EURUSD has been an absolute cracker as the sellers continue to feel the pinch and squeezed out. The previous alert from the 23/6/17 played out beautifully as buyers pushed price higher off major support at 1.1115. We still see potential for a further squeeze of the sellers to push the price higher but see that price is getting extended to the upside. Risk can be tightened up now to lock in any gains while we sit back to watch the action.
PREVIOUS ALERT 23/6/17
Currency Pair : EURUSD
Current Price : 1.1173
Status : Watching for Further Short Squeeze
The EURUSD has been squeezing out the sellers for a while now but they just keep stacking up to fuel a continued move higher. We still see the potential now for price to push higher off major support at 1.1115 and a higher low 1.1142. There is more than enough sellers stacked up we just need to see an entry setup and away it goes.
ORIGINAL ALERT 2/5/17
Currency Pair : EURUSD
Current Price : 1.0921
Status : Watching for short squeeze
The EURUSD is holding above major resistance at 1.0860 and also holding higher lows. We see a lot of short positions that have been built up to be potential fuel for a short squeeze and push higher. Price is a little extended on the on hour chart but has a lot of room to move up on the longer timeframe charts. We are now expecting price to build and force out the sellers on its way through the highs around 1.0950. If price breaks back down below 1.0860, then it will be a good time to re-assess the price action.
