Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here
EURUSD – Euro/dollar breaks out as buyers remain in control
The EURUSD exploded higher today following a small pull back in price on Monday, in-line with our EURUSD discussion in this week’s weekly trade ideas and market outlook. We see the potential for more upside in this pair and those traders who may have missed this long entry can still watch for weakness in the coming days to be a buyer. We are especially focusing on 1.1240 support down to 1.1118 area (the low from last week); if price pulls back to that support zone we will actively be looking to buy again.
Want More Trade Setups Ideas & Analysis? In the members’ daily trade setups newsletter, we discuss potential trade setups and provide detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more. For more information click here.