EURUSD: Short-term technical positioning remains negative

FX:EURUSD   Euro / U.S. Dollar
795 13 10
Despite the recent rebound, the structure of lower highs and lower lows is still in place as price is trading within a short term bear channel as well, that comes after a successful break below the main rising trend line for the wave started from July 2013. If the bearish scenario plays out, we will probably see a push back towards the 1.3400 level near the 200-days SMA . Holding back above 1.3700 may start to damage the bearish configuration.

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wait for GDP news...positive news result in possible breakout higher towards 1.38 region
my stops are 140.04 but i don't think i will make it :(
Maybe the message was to wait. Well, I spotted the same aspect and went short, got softly hit by today's rally. That is life.
and now ?
try to know if ur asking or ur being sarcastic?
Technician Technician
or maybe both?
vaicru Technician
really strange, ppl like ur self have to be banned, as they take only and never give back. i have been correct more than 75 percent in a four-month period, but ppl like you will never appreciate things like that, as they have a jealous nature.
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