I’m looking for long opportunities on most EUR crosses, here is my analysis

Earlier this morning the German court backed ECB rescue fund (with a liability cap), and let me tell you something, it was definitely good for the markets.

It’s been two good announcements in row now, now we only have one more to go, and it is tomorrows FOMC statement and economic projections… and based on what we have been getting lately, I definitely think we are going to get a another good statement. We’ll see tomorrow.

This also has been good for most EUR crosses, I’m looking for long opportunities on most of them. Here are a few:

EURUSD

Since last week that the EURUSD broke through an important resistance:

EURUSD

It’s in a very clear bullish condition, we just need to be careful because the next LT resistance level is at 1.3052

EURCAD

This one is probably one of the currency pairs that I like the most. The EURCAD just broke through the Short Term resistance level triggering a bullish condition:

EURCAD

So as long as the EURCAD trades above 1.2520 I’ll be looking for long opportunities.

I’m also looking for long opportunities in the EURGBP.

What do you think? Are you also bullish in these crosses?

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .