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Coleman: As USD becomes a safe haven two plays to sell EURUSD

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Ian Coleman from First 4 Trading believes the US dollar is moving towards becoming a safe haven as world markets continue to be hit by China. In this video he looks at EURUSD which he says is currently in an expanding wedge formation. 

On Monday he says it hit a 261.8% extension level at 1.1652. He expects limited buying in EURUSD this week and so gives two possible plays.

The first is for the medium term:

Sell: 1.1762
Stop: 1.1800 and abive
Target: 1.1200

The second is Intraday:

Sell: 1.1515
Stop: 1.1555
Target: 1.1320