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Coleman: Why I’m buying EURUSD

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January 14, 2016 analysis, bank, bias, bullish, buy, capital, chart, charts, cloud, coleman, currencies, currency, dollar, eur, euro, eurusd, forex, fx, group, ian, ichimoku, idea, index, market, markets, medium, risk, risks, saxo, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, stop, strategies, strategy, tale, target, technical, term, trade, trader, traders, trades, trading, tradingfloor, tradingfloor.com, tradingfloorcom, tv, us, usd, view
Ian Coleman says there are plenty of reasons to be bullish on EURUSD.

He looks at what the dollar index is telling traders about the direction of EURUSD before outlining his trade for the pair, which for the past 15 days has been confined to an Ichimoku Cloud. 

While EURUSD has seen mixed volatile price action, Coleman says the medium-term bias is now bullish and he is looking to buy at 1.0860. His stop on the trade is at 1.0820 and his targets are 1.0960 and 1.1000.