Resistance located at 1.0150 expected to cap gains on EURUSD
EURUSD - Intraday - We look to Sell at 1.0144 (stop at 1.0183)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Price action has broken from the previous formation. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0150 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1.0051 and 1.0030
Resistance: 1.0150 / 1.0400 / 1.0800
Support: 1.0050 / 1.0000 / 0.9950
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Price action has broken from the previous formation. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0150 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1.0051 and 1.0030
Resistance: 1.0150 / 1.0400 / 1.0800
Support: 1.0050 / 1.0000 / 0.9950
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
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