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Buying EURUSD on dips: Coleman
According to First4Trading.net's Ian Coleman, EURUSD bounced off support at 1.1060 and posted the second bullish outside day in the last five days.
Coleman says the trend line resistance at 1.1246 has already been reached but he is lookingfor the move to extend to 1.1256 (a 78.6% pullback) and 1.1300 (bespoke resistance).
His call is to buy EURUSD at 1.1177; his targets are 1.1256 and 1.1300 and he sets a stop at 1.1137.
01:42 minutes
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