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EURUSD Moves Back To Support; Looking For Buy Signals

Chart in Focus: Daily EURUSD

The EURUSD moved significantly lower today as the European Central Bank hinted that an interest rate cut could be in the cards if the euro keeps strengthening. However, for now the uptrend in the EURUSD is still intact and we are watching this support zone between 1.3400 - 1.3265 for price action buy signals to trade back in-line with the trend. We may see the market move back down to 1.3300 - 1.3250 before it moves higher again, trading from support in an uptrend is an example of how to trade with the trend.

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