Our Tables Point To Further Upside For EURUSD
Tues 18th July 2023 : Daily Currency Strength Analysis
Today we’re looking at Trading Setups in:
- EURUSD (Primary Focus Pair)
- USDCHF (Covered In Video)
- USDJPY (Covered In Video)
Primary Focus Pair: Trade Plan & Details
| EURUSD Long | Price | Pips +/- | R/R (Max/Min) |
|---|---|---|---|
| Entry Price | 1.1210 | ||
| Stop Loss (Min) | |||
| Stop Loss (Max) | 1.1140 | -70 pips | |
| Profit 1 | 1.1450 | +240 pips | 1: 3.4 |
| Profit 2- |
Details:
Our live forex strength vs weakness tables point to EURUSD for long opportunities today.
The USD has been weak of late, featuring as the weakest currency across both tables.
EUR features as S2 on the day traders tables showing some momentum behind its strength.
EURUSD has recently broken through a key resistance level in 1.1100.
If this trend continues buyers could seek out the January 2022 highs of 1.1450.
This gives traders opportunities on pullbacks.
The lower H1 time frame shows price forming a consolidation around a 50 moving average.
A rejection of these lows and average could see buyers re-enter the market for further gains.
Technical Observations:
- Price is in a strong upward trend.
- Price is trading above the daily 200 moving average.
- Price is above prior resistance of 1.1100.
- Buyers could target key highs of 1.1450.
Todays 9am (BST) Forex Strength Vs Weakness Tables:
