Eurusdbuystop
EURUSD-BUY strategyThe pair is starting to move higher, but resistance 1.0125 (estimated) has yet to be overcome.
The RSI and MACD support a break of that level and interest rate decision will support the move higher short-term.
Strategy BUY @ 1.0025-1.0065 ( add to our earlier longs much lower) and take profit 1.0278 for now.
EURUSD-NEUTRAL to BUYI have not changed the over all outlook.
We have tried previously attempting 1.0043 and it failed, and we pushed lower since then. The MAC is negative and the RSI is negative as well on daily chart. The weekly suggests caution on being short, and I feel that we are still in selecting BUY entry further adding to the earlier purchase at higher levels seen before. (see my previous update).
I would suggest stop-loss to place below 0.9767 for now. We buy further @ current levels 0.9860-0.9890. Profit order 1.0137 for now.
EURUSD-BUY strategyIt feels we may see recovery phase. The market has conditioned itself to sell each day, and small upticks were sold.
Now the pattern represents little zig zag and this means we may see test of 1.0117 coming sessions, is my humble opinion.
Strategy BUY @ 0.9965 - 0.9990 and take profit 1.0189.