Trade Idea, 16 Feb: Buy EURUSD

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Buy EURUSD @  1.0585 (55 hour SMA)

SL @ 1.0545

TP @ 1.0640

With both the 1 and 4 hour charts looking a little more positive, buying the dips today seems to be the plan. Keep stops tight though as the dailies still suggest lower levels in the days ahead.

This idea is only good for entry purposes until 5.00 pm NY time today.

This information is a personal view only, this being a trade being undertaken by FX Charts. It is not an inducement or recommendation to trade although you may do so if you agree with the parameters of this idea.. Refer to our disclaimer here.

These market alerts are provided as part of a trial basis only. To continue to have access to alerts at the end of the trial register at fxcharts.