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Lucas: Going long on EURUSD and here's why

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Steve Lucas is planning to go long on EURUSD. A counter-trend trade he admits, but one that he believes is based on factual economic circumstances. Firstly, Europe looks set to outperform the US economy in 2016, US stock markets usually have their best year the year before a Presidential election year plus commodity prices will remain low.

Based on those forecasts, Steve is building a long-term EURUSD trade and talks through the details of his outlook and target expectations.    

Targets: 1.1496 & 1.1712

Stop: 1.0462