EUR/USD Continues To Rise
PipHut | Oct 13, 2015 01:44AM ET
EUR/USD Daily Analysis: EUR/USD continued to rise, in line with our forecast of 1.1350 (on Friday), but never dipped down to our buy entry limit at 1.1250. We remain short-term bullish above our intraday pivot at 1.13, but with the short-term trend overbought and strong resistance above us at 1.14-1.1450 we will wait for a more substantial correction to get long or a stronger signal in general.
4h Chart
Our Preferred Trades*: We are flat with swing trading, however aggressive traders could continue to look to get long above 1.13 in the short-term. Our weekly forecast for this pair is 1.14 (in effect we expect to end up about where we are right now after any moves).
Long-term Trend Analysis Chart
Yesterday's EURUSD SwingPRO Signal Result: No trades triggered yesterday.
Today's SwingPRO Signal: See preferred trades above.
*CandlePRO: CandlePRO can be used in conjunction with our daily analysis and "our preferred trades." For example, if we prefer "going short" or "selling a rally" then we would look for bearish candlestick signals after a rally or near resistance levels. Alternatively, if we prefer "going long" or "buying a dip" then we would look for bullish candlestick signals on price drops or near support levels.
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