FX:EURUSD Euro Fx/U.S. Dollar
8/1/14, 8/11/14, and 8/15/14 we have seen a very strong bounce after sell off but last 2 failed to show any follow through, will Friday's strong action show follow through today..All of them closed above 3-EMA but failed to push above the Wilder smoothing which is also very reliable. If that happens next few session expect to maintain above the of Pitch which will send a note to short sellers. As long the trend stays below 50ma don't expect much excitement upside: Play short term trades. We are neutral now with slightly upside.