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Coleman: Buying EURUSD

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August 28, 2014 angus walker, economy, equities, eur, eur usd, eureur, eurgbp, eurjpy, euro, euro area, euro crisis, euro dollar, euro growth, euro rates, euro strength, euro zone, euro-dólar, eurocrisis, eurodebt, eurodollar, europa, europe, europe growth, european, european banks, european central bank, european economy, european recovery, european union, eurozona, eurozone, eurozone crisis, eurozone economy, eurozone inflation, eurozone recession, eurozone recovery, eurusd, forex, forex idea, forex market, forex markets, forex trading, fx, fx award, fx changes, fx crosses, fx dealing, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxfxfotrex, fxfxfx, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, ian coleman, ian coleman first 4 trading, risk, saxo tv, trading idea, tradingfloor.com, usd, usd index, usdchf, usdeur, usdgbp, usdjpy
Ian Coleman is looking at buying EURUSD. He saw a gap open on Monday at 1.3238 after extensive losses over the last few months. Ian is predicting a corrective rally from the 161.8% extension level, a short-term rally before the Bears appear.
Ian has noted a correction count on the daily chart and seen that the USD index has closed a gap overnight.
So he's looking to buy a dip and potentially form a head and shoulders formation.
Buying at 1.3196
Stop: 1.3166
Targets: 1.3238 and 1.3261