EUR/USD Weekly Trade Ideas 14 – 18 March 2016

 

Last week was quite of a drama for the EUR/USD. The ECB cut rates and increased QE, the EUR/USD went down to 1.0825 but then came back up and above when Draghi hinted that there will be no more rate cuts. The EUR/USD closed the week at 1.1144

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The pair is now in a strange situation when technically it screams BUY but fundamentally it screams SELL.

Therefore, we continue with our breakthrough strategy for this week. Here is our EUR/USD trade ideas for the coming week:

  • BUY-STOP EUR/USD at 1.1220
    SL  1.1065
    TP 1.1330
  • SELL-STOP EUR/USD at 1.1065
    SL 1.1220
    TP 1.0830
  • SELL-STOP EUR/USD at 1.0820
    SL 1.0915
    TP 1.0715

EURUSD 14-03-2016

We wish you a wonderful trading week!

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