SaxoTV

Collins: Further gains in EURUSD

413 views
August 11, 2015 eur, eur usd, eureureur, eurgbp, eurjpy, euro, euro area, euro crisis, euro dollar, euro strength, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, europe growth, european, european central bank, european economy, european recovery, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex 2015 outlook, forex and more, forex aud, forex audusd, forex buying, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, forward guidance, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx saxo bank, fx saxo bankf, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxmarkets, fxoptions, fxspot, fxtradef, saxo tv, tradingfloor.com, us, us banks, us debt, us dollar, us dollar index, us economic data, us economy, us equities, us fed, us federal reserve, us federal reserve monetary policy, us government, us growth, us jobs, us jobs data, us stocks, usa, usd, usd eur, usd index, usd jpy, usd strength, usdaud, usdcad, usdchf, usdeur, usdgbp, usdjpy, usdrub, xau, xaueur, xauusd, yus, yusd
Alan Collins is expecting further gains in EURUSD despite the setback seen in Asia this morning.

"The last 2 weeks have seen limited net movement, a fact that highlights investor indecision, as does the fluctuation around the 13 day moving average. Yesterday's downside rejection, the 2nd in a row, means that EURUSD has posted 4 positive daily performances in a row before today."

Alan outlines three reasons for demand to extend. 
• The 13 day moving average broke yesterday and has limited the Asian move lower
• RSI & Momentum are both positive
• The daily Keltner channel is increasingly bullish.

Upside to focus on 1.1003, 1.1033 and 1.1061.

Setbacks to be limited by 1.0938

Stop:1.0899