EUR/USD looks ready for a minor bullish move

EURUSD D1 (03-02-2016 1839).png

  • Oil prices are down and EUR/USD is finding support at 61.8% fibo at 1.0845
  • we also have a bullish RSI divergence on the intraday charts

Hence, I wouldn’t hesitate to add a long trade here with stops just below 1.0845 and for a target of 1.0930 levels.

The ADP report is usually ignored when it is weaker than expected, but gives a USD a positive rub off when it beats estimates. So that is a risk to the long trade, but am willing to go the distance on this one.




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s