Technician
Short

Any Matchstick ??

FX:EURUSD   Euro Fx/U.S. Dollar
1059 9 9
Looks like a fuse bomb for me :).. you ?


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I think look like a comet falls to Earth....Maybe it is a signal for sell off EURUSD.
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agree
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I agree, I'm betting we hit the 1.32925 area and maybe lower
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I am cautiously bearish on this pair. In the short term, yes I can see this pair hitting 1.36, or perhaps another rally to 1.396 - 1.40 before hitting 1.36. But in the medium term, there's a possibility this pair is hitting 1.44 - 1.45 before USD finally bottoms out and starts rallying
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I'm in this to the 1.32925 level. Great chart.
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I have been bearish for while, from 1.3600 areas, and that didn't work well so far. I remain bearish and believe the EURUSD is the process of topping and will spend 2014 lower. I might be totally wrong, it's OK so long I manage risk appropriately.
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This is the reason for the Euro strength lately " European banks are paying ahigher premium to swap dollars for euros in money markets,reflecting a squeeze on liquidity as the year-end approaches and as banks stash cash before a European Central Bank review."
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Yeah I read an article on Reuters about this dvk, but as i far as i am concerned that is an outcome not a reason.
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@technician Agreed, I was jus surprised by the strength the story gives it some color
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