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    BRAND MARKET ANALYSIS AND NEWS EURUSD Update Market News

    EURUSD, Daily

    EURUSD pair currently trades within my 1.1300 – 1.1360 initial target area due to the Bullish Systematical Triangle breakout (see my February 8th post). For the moment, I am waiting for a clearer picture before committing to any new long positions. Ideally, a price move above the 1.1360’s could support a further price advance towards the 1.1460- 1.1490 extended target. However, a daily close below the 1.1300 handle could open up the potential for a set back towards the 1.1060 – 1.0970 levels.

    FEB 11 SRL

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    John Knobel 

    Senior Currency Strategist

    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.


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