Euro bulls are attempting another move higher today. Will they succeed? If so, what would that mean for the outlook going forward? With the Japanese yen and Canadian dollar moving in our favor to your delight, one could think that the forex market would give us an easy ride writing today’s Alert. Wrong! There is the recent candidate for opening long positions, have you forgotten? Its price action gives us some exciting scenarios ahead to share with you right now.

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Euro bulls took the rate higher yesterday only to give up most of their gains earlier today. They say that one swallow doesn’t make a summer. Or are we witnessing a downward reversal, its early stages? After being taken out of the market with a profit, what is the right course of action now? We are proud to present our thorough evaluation of other key developments, too.

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Yesterday in the alert’s title, we have asked this same old song question. Some of the pairs seem to be bidding our patience. However, this is not just about the euro. Anyway, we have cashed in profits there on the day of the ECB surprise. Let’s stay focused on our other open positions – the loonie is humming along nicely while the yen needs more time. You might think reading these,  what a nice summary. Don’t be fooled, we have much more to tell you. Or you forgot about our recent candidate for opening long positions?

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Euro looks to be dealing us yet another day characterized as more of the same. Many of you would ask here, does the upswing have legs? Or is it rather a dead cat bounce? Armed with insights to the teeth, it still requires patience to let the market reveal its true colors. Not asleep at the wheel in the meantime, we carefully examine the standing of our other open positions. High time to update you.

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Euro bears look to be wavering at first sight. And first impressions can be deceptive and costly. Both in trading and in life in general. It’s paramount not to lose the view of the forest for the individual trees. It’s not patience alone that pays off, it’s patience combined with sound analytical insights. Today, we also have a new promising candidate to go long to share with you. Let’s jump right in.

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