EUR/USD Perfect Buy Approaching (10/8/2013)

eurusud 10.08.2013

Here is a good opportunity to BUY the EUR/USD as it has retraced significantly from its current uptrend.

Read about the Trend/Wave/Extreme system here

EUR/USD has been moving higher and higher recently reaching 1.34. It has now corrected significantly which will make it a good BUY opportunity once it starts rising again.

  • the Trend Bar is green filled pointing an Up-Trend
  • There’s a strong upward trend chart pattern
  • Extremes Bar is in the oversold region.

Seems like a downwards correction is close to completion and  is ready to rise again.

NOTE: Wait for a second up consecutive candle before buying as this is not a perfect buy signal yet.

ALWAYS PLACE A STOP LOSS TO PROTECT FROM REVERSALS.

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.