Ian Coleman, of First4Trading.net, explains in a technical analysis why he believes it is a good time to trade EURUSD. 

Coleman first digests the US dollar index, noting that it is trading at the highest level in eight weeks. He then examines at EURUSD where there is an expanding wedge formation.

His trade involves going long at market with a stop at 1.1110 and a target of 1.1350.