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Carl_G
Feb 23, 2016 10:10 AM

EURUSD MARKET OUTLOOK Short

Euro Fx/U.S. DollarFXCM

Description

As price is approaching the demand zone, so is the 50 day MA. I am expecting price to take a swing to the upside, no further than the pivot high. T.D 9 (buy signal) is also indicating that a reversal is about to occur. Once the reversal have taken place and the bears are stepping back in, long-term short positions will be added as the coming years target is 0.80 cents.
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