Phenlx

EUR/USD a view on the volatile year 2015

FX:EURUSD   Euro Fx/U.S. Dollar
44 0 0
2015 is quite difficult volatile year for for the EURUSD             . I do see it as uncertainity in the market which is becoming manifested as something which looks like a bearish flag on weekly time frame. Like a huge "take a breather" to recover from the huge down-hill rally in 2014. At the 1,18-1,19 levels we could see a first restistance level based on last structure level / Fib 38.2 and also the upper trend resistance channel. On the other side we might a restart of former trend below 1,08.


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