Blindfoldedmonkey: EURUSD daily strategy

Friday 11 October 2013

EURUSD daily strategy

 

Direction: long

Target: TP1 – 1,3600
Protection: SL – 1,3485
Our setup: 1,3537

Background: The major trend is bullish in EURUSD. Due to many fundamental facts the greenback needs to weaken further. During the week we saw massive dollar gaining from 1,3600 but for us it seems now is oversold the pair. Our bet for today and for next week is the further upside move and there is why we bought the EURUSD this morning at 1,3537.

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