Will be successfulThere will be a bullish in the EURO FX FUTURE , so the purchases will be successful
ED1! trade ideas
TRADE IDEA: /6E JANUARY 8TH 1.195/1.2 LONG PUT VERTICALMetrics:
Max Profit: 337.50
Max Loss: 287.50
Break Even: 1.1977
Notes: A bearish assumption directional shot at resistance. Alternatively, FXE January 15th 111/113 long put vertical, 1.05 max profit, .95 debit/max loss, break even 112.05 vs. 112.13 spot (although it's trading above that pre-market).
EUR/USD
Last week EUR/USD finished with a low demand on the CME Futures market.
After the breakout with an increased volume two weeks ago, a correction has appeared.
The price range 1,1430 - 1,1500 is still not tested as a support, as since the end of July the movement is based on a major range and increased volume. This is a bullish signal.
On Friday, the price broke 1,1800 with higher volume, which means the buying will continue at least to 1,1870.
At 1,1870, EUR/USD started to fall with increased volume. Every high volume trade must be tested in further.
Successful break out at 1,1870 with high volume will direct the price to 1,1900 - 1.1920.
Looking for a Supply between 1,1870 - 1,1920
