It is pretty clear that 1.3000 has been the equilibrium level for the 4 months. The dollar gained more than 400 pips on its latest rally and brought EURUSD back to the support area at 1.28. At this point new signals would be welcomed. I would prefer a break under 1.28 but a rally back to 1.3000 would also suit me. What would suit you?
Comments
lgiulian
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Hello Razvan,
Beautiful analysis. I personally prefer the bearish scenario. Seems to be backed up by fundamental reasons. Also the current bias is down so I'm waiting for a strong sell signal :)
Razvan
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Thank you Iulian, a rally to 1.2900/50 would be also a great opportunity to short.
Beautiful analysis. I personally prefer the bearish scenario. Seems to be backed up by fundamental reasons. Also the current bias is down so I'm waiting for a strong sell signal :)