This Week EUR/USD Trade Ideas

Last week the EUR/USD have reached the highest level since October 2015 as it climbed up to 1.1438. Even relatively strong US data such as the NFP report could not change the trend. All of that makes the current trend very bullish and we will look for opportunities to buy the EUR/USD.

Here are our EUR/USD trade ideas for this week:

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  1. Buy EUR/USD at 1.1342
    SL 1.1278
    TP 1.1440
  2. Buy EUR/USD at 1.1290
    SL 1.1270
    TP 1.1335
  3. SELL-STOP EUR/USD at 1.1278
    SL 1.1345
    TP 1.1190

EURUSDH1-04-4-2016

BTW, banks are still forecasting USD strength for 2016 so if you are trading long-term it might be a good idea to start building shorts. See our page for EUR/USD forecast 2016.

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