An oppotunity to enter short in the EUR/USD:
The pair seems to take a breather after a week of losing height.
We might expect a small correction up to the .382 Fibonacci retracement level before the pair continues its longterm downtrend.
Since the Greek situation is still unclear, the eurozone QE which has only just begun and the expected interest rate lift in the US, I believe there's a good change we are heading towards parity.
I'm bearish on the EUR/USD and this might be a good chance to hop on the train before it continues its one way trip.
The pair seems to take a breather after a week of losing height.
We might expect a small correction up to the .382 Fibonacci retracement level before the pair continues its longterm downtrend.
Since the Greek situation is still unclear, the eurozone QE which has only just begun and the expected interest rate lift in the US, I believe there's a good change we are heading towards parity.
I'm bearish on the EUR/USD and this might be a good chance to hop on the train before it continues its one way trip.