Saxo Group Videos

Videos Channels Search

Collins: Why I'm buying EURUSD on setbacks

Alan Collins from 3C Analysis is looking to buy euro dollar, but on setbacks. With the dollar at a six week low and the euro quickly approaching a yearly high of 1.3832, he says momentum is strong for the euro.

The dollar has been hurt by the perception the Federal Reserve is in no hurry to trim its monetary stimulus, whilst the euro has been on an upward path increasing 1.5 percent since last week’s ECB meeting. 

Alan says that prices are at the top of both daily and weekly Keltner channels, and as a result, he plans to enter at 1.3734. His target is 1.3832.

Long-term, Alan anticipates a weekly close of 1.4247.

Disclaimer

Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.

Please read our notification on

Non-independent investment research disclaimer

Full disclaimer

01:12 minutes
Tags: alan collins, alan collins 3c analysis, buy euro dollar, buy eurodollar, buy eurusd, dollar federal reserve, dollar low, dollar weak, dollar weakness, ecb, ecb meeting, euro, euro dollar, euro dollar strength, euro high, euro strength, eurusd, fed, fed taper, fed tapering, federal reserve, keltner channels, marabuzo line, saxo bank, saxo bank saxo tv, saxo tv, saxotv, traders tale, tradingfloor, tradingfloor.com, tradingfloor.com insights

Switch to