EurUsd - European holiday Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 23, 2017 4:34 PM

After the Macron win euphoria the Euro seems to be topping today. We are printing bearish divergence again. This time it should work.
Both the MACD and TSI are nearing to record overbought levels. I think we are going to visit the 200 SMA in the following weeks.

At the middle of summer Americans can buy cheap euro again at their European holiday.

Comments

danrindia

⋅ Jun 2, 2017 1:55 PM

@chartwatchers Hi Arpi, any update on this trade? Could we add more or the analysis have changed now?

Thanks

ploskyx3

⋅ May 25, 2017 12:44 AM

5898928

⋅ May 24, 2017 5:41 PM

FOMC Minutes should do this, kick this down

jojofang0901

⋅ May 24, 2017 4:35 AM

Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.

ploskyx3

⋅ May 23, 2017 8:40 PM

jolu

⋅ May 23, 2017 5:23 PM

Are you going to wnter short now please?

chartwatchers

⋅ May 23, 2017 6:46 PM

@jolu, Do you mean short till winter?

jolu

⋅ May 23, 2017 8:05 PM

@chartwatchers,
I mean that yiu enter short now until we touch 1.08 as you suggested