BUY EUR/USD @1.23 Intraday Cool Trade!

Forex Signal 9/4/2018

BUY EUR/USD @1.23  TP: 1.244  SL: 1.2148

Our Analysis

Despite two latest survey points added to the newest bunch of lackluster headlines from the eurozone, euro was broadly stable. And the US Dollar has the FOMC on Wednesday of this week, which could bring some closing on position and short-hedging.

Technically, the DXY is also confirming a Dark Cloud Cover at the top of las two months range, which coincides with the Piercing Lines in EUR/USD. Is the same trade where we profit four times before, and the short-term outlook let us think, this is a perfect timing for the fifth.

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