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Analysis

EURUSD - We look to Sell at 1.0700

EUR/USD - We look to Sell at 1.0700 (stop at 1.0740).

EURUSD - Continued upward momentum from 1.0521 resulted in the pair posting net daily gains yesterday. The rally is close to an exhaustion count on the intraday chart. Bespoke resistance is located at 1.0700. The AB=CD formation target is located at 1.0465. Trend line support is located at 1.0465. Our profit targets will be 1.0465 and 1.0420.

 

EURUSD Current Trading Positions

Sell 58%
Buy 42%
100.0%58.0%05560657075808590951000
 
Avg Sell Price 1.0675
Avg Buy Price 1.0674
Liquidity Distribution
1.03501.06751.103521.03501.06751.10352SellBuy
 

 

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