This video, Andrew Keene, CEO of Alpha Shark Trading, looks at the possible ways to trade the EUR vs the USD between now and the end of the week. This pair was in a clear bull channel but has had a little bit of selling pressure on the hourly chart. I think that this pair could be bought playing off short-term support and the support of the Ichimoku Cloud.
If we look at multiple time frame analysis we will see that this pair looks bullish on the two day and three day charts even though it is stuck in the cloud on the daily chart. For all of these reasons, I think the pair could likely move higher between today and tomorrow and in this video I explore three ways to play this pair.
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