TradeApe

EURUSD Short Term Outlook

Short
FX:EURUSD   Euro / U.S. Dollar
Not getting a solid long signal for EURUSD, so the way to go is (still) short. Moved my line in the sand down to 1.06 now, so above it long, below it short. For now I'm still short.

Looks like the bears are losing a bit of steam. Then again, it was a slow news day...maybe they just went to the beach to chill a bit. Will reassess tomorrow, but my LITS probably won't change much if at all.

Basically, nothing changes except for my LITS coming down by 25pips compared to last night.

People expect the DXY to drop, which would give the EUR a boost (at least a bit)...so I'm really on the fence at the moment.

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