Euro vs dollar EURUSD buy trade strategy.

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Looking at EURUSD at the current time, we have a buy entry strategy emerging from current price action. A bullish engulfing candle accompanied with a trend line break confirms our strategy for a buy trade from current levels.

EURUSD buy trade at 1.1400 area aiming for closes near 1.147000. Stops set on a daily close at 1.136000.
  • The trade is EURUSD buy at 1.1400 area with an aim of closes near 1.14700 and 1.15000 on the daily time frame.
  • Stops are set at closes below 1.13600 on a daily basis negating our entry strategy pointing to prices heading much lower.

Risks to the trade include the outcome of US midterm elections and on Thursday 08/11/2018 FOMC rate decision. 

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