Euro Bulls Have Short-Term Momentum
PipHut | Sep 14, 2015 04:20AM ET
EUR/USD Daily Analysis: Bulls have the short-term momentum and, with the crowd net short, we see a push toward the 50% retracement (of the recent drop) at 1.14 as the next likely target. Consolidation cannot be ruled out but 1.1260 is our key pivot - above this level we remain short-term bullish on the pair. Below 1.1260 we have 1.1200 and 1.1130 as our key support levels.
Our Preferred Trades*: We are setting an aggressive buy limit at 1.1290 with our SL @ 1.1255 (below key pivot), TP @ 1.1390 (below our ultimate target) for 100 pips.
Yesterday's EUR/USD SwingPRO Signal Result: No trades triggered Friday.
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. Alternative 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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