Euro / U.S. Dollar
Long

EURUSD: Good potential on the long side

753
The euro offers an interesting long entry here, upside if prices hold over the weekly mode, and eventually break out from it (cyan box), we may get to the chart depicted on chart within 10 weeks or less. Daily is oversold, with the proprietary indicator RgMov showing a bullish daily trend, and CCI flashing a buy signal, together with price action signals confirming it as well. Once we see strength, breaking over a previous daily high, we can add to this trade as well.

Cheers,

Ivan Labrie.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.