EURUSD heading towards 1.3800 level

EURUSD (1.3659)

EURUSD seems to have settled in a nice upward trend and looking to currently target 1.3800 level. Currently a good buying level can be seen just around 1.3610 level for initial target at 1.3780 level for a nice intra-day trade. RSI is just above 57 and seems to have more than enough space for EURUSD to make a move above 1.3800 level at the moment.

TRADE:

 

Buy EURUSD @ 1.3610 for Profit Level @ 1.3780 with Stop @ 1.3550

EURUSD looking for retracement

EURUSD

EURUSD has moved nicely in a downward trend during last few days and it seems that some retrace is due for EURUSD and we expect EURUSD to test 1.3400 level and might even extend its retracement towards 1.3490 level. Mostly we will find traders looking to sell EURUSD in the range mentioned above for initial target below 1.3300 level. The traders might also have to hold out the position over the weekend as EURUSD might not reach its target before the closing of this week.

Trade:

Sell EURUSD @ 1.3390 and Sell again @ 1.3490 (if required) for Target @ 1.3270 and Stop @ 1.3540

EURUSD looking break sideways trend

EURUSD (1.3479)

EURUSD is being traded in a sideways range and holding itself as compared to the Pound. The volume was also low due to holidays and we might see EURUSD resuming its downward momentum again and might see some aggressive traders looking for an early entry and selling EURUSD around 1.3565 and hope that EURUSD resumes its downward trend.

TRADE:

Sell EURUSD @ 1.3565 for Profit Level @ 1.3450 with Stop @ 1.3525