reports
- Steve Lucas
EURUSD - 13 day average provides platform for improving sentiment
​The modest decline from this month's peak deepened initially yesterday. This fall triggered our weekly buy dip point at 1.1114 as buyers returned below the 13 day moving average. The resulting bounce produced only minor net movement on the day but, in our assessment, the downside rejection highlighted the weakness of the profit taking setback. With this in mind, our call is a Buy from 7am but to leave room to Buy a Dip to 1.1137, the 13 day moving average. The risk is 1.1097, May 19th low, an...
- Steve Lucas
EURUSD - signals continue to point higher
​After Tuesday's firm rejection of 6 month highs, yesterday's call was a negative one. But although lower prices were posted in late trading the real story was one of muted trading with limited price action. However, in the latter part of the day a more significant bounce from the setback lows was seen. Net gains were modest but enough to indicate that profit taking was at an end. So, with a degree of caution, our call for this morning is a Buy from 7am but leaving room to also Buy any Dip to ...
- Alan Collins
- Alan Collins
- Alan Collins
- Alan Collins
- Alan Collins
- Steve Lucas
- Alan Collins
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