EUR/USD short term outlook

16:35 GMT, by Mark Gavalda, EUR, USD 1 Comment »

It looks like I’m stuck with EUR/USD at least for now until I get the grasp of how blogging and trading works at the same time :) I think E/U is the most traded pair so it should be okay for at least a little. I _will_ look at other pairs also starting from (the near future) don’t worry. My personal favorite is the GBP/USD by the way.

Okay, here’s the deal, if euro can hold the support at 1.5645 and maybe a little bounce back up to 1.5695 then we could see a spinning top or doji candle that might suggest a weakening in the recent downtrend. If not, then we have to seriously think for a minute about the dollar bulls and that this retracement is not a retracement afterall…

WP Theme & Icons by N.Design Studio
Entries RSS Comments RSS Log in