EUR/USD - Marabuzo line to support demand
|The stalling of EURUSD demand at the 100 day mvg avg Monday left our outlook neutral. That proved correct as the market fluctuated between that average and Monday’s Marabuzo line but, during European time, lacked follow through momentum. Trapped between averages and the Marabuzo line immediate technical studies cannot be strong But Asian gains are enough to provide a mildly positive intraday bias and so this morning’s call is Bullish but leaving room to also buy a 1.1434 dip, Asia’s low. The risk is 1.1398, this week's opening price, with upside targets of 1.1486, yesterday's high, 1.1507 and 1.1534, top of the daily Keltner channel.
Marabuzo Line Supports
Higher Lows
EURUSD Current Trading Positions
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