EURUSD short term targets pointing towards 1.0945 and 1.1055
EURUSD intraday update is suggesting a push higher towards 1.0945 handle at least. The currency is trading 50 pips above yesterday's lows at 1.0788 and bulls might remain poised to continue higher as we enter the NY Trading Session in about an hour. A push above 1.0945 would encourage further towards the next fibonacci extension around 1.1055. Please note the larger structure remains bullish against 1.0636 handle. Looking at the risk-reward ratio, long positions can be added further with protective stops below 1.0636 and targets above 1.1500 in the medium term.
Strategy:
Long against 1.0630, targeting 1.1055 (short term) and 1.1500 (medium term)
Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.
Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
Strategy:
Long against 1.0630, targeting 1.1055 (short term) and 1.1500 (medium term)
Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.
Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.