Euro Solace

Good Evening Dynamic Traders!

Further to our mentor's analysis on Monday, price action obliged beautifully with major pairs resuming the favoured trend!

Traders trusting the canny call, should have plucked the plentiful pips with relative ease.

Below is the daily chart for one of these recognised pairs. (x refer blog 30 May)

The current upward climb is securely supported by the displayed trend line.

Following the bullish breather, price produced a 200 pip rally reward, but has scrambled back for safety today, comfortably seated on the fence from whence it clambered, clustered with the figure!

The current position may be viewed as another opportunity to "buy the dip".

Indeed, a nearby target is clearly within view, supported by a number of sources providing a pleasing confluence of events!

Yet, beware the Yankee tidings tomorrow, which may blunder the sound signals upon us.

Determined traders may wish to employ an aggressive position, requiring stringent risk management.

An alternative solution could beckon an intensely conservative stance, paradoxically minimising the threat of a 'blow-out'!

Clearly, not for the faint- hearted!


EURUSD daily chart Advanced Get

Tailored Trading!

Saba Jackson