Happy New Year!

Dear Dynamic Traders,

Happy New Year to you all. Hope you had a fantastic festive season.

Not only is this the first trading week of the year but it is a massive week in the news item front and looks to be driven by the Dollar and GBP news. There are quite a few pairs that are looking interesting and it feels very exciting as the action will unfold in front of us. I have decided to post the EURUSD today.

The monthly chart for this pair shows a long term strong uptrend since 2001. The trend was briefly disrupted from July last year but is showing signs (by way of large bullish candle in December) of resuming the longer term trend.














The daily chart is demonstating a squeeze formation on a short term identified by the trendline. Price is in close proximity to the value index and to a significant RN. The shorter term opportunity can be seen more accurately on the shorter timeframes for more precise analysis and entry. Wait for the confluence of events before employing ESLT to trigger the trade.

Happy Trading!

Bijal Shah