Daniel Urdaneta
Long

Euro/dollar thoughts - May 2015

FX:EURUSD   Euro Fx/U.S. Dollar
271 0 2
I've started trading again EUR/USD             spot for a little while now, since SPY             has gotten choppy lately, and have gotten a couple calls alright. I'm gonna risk to post one of these in here.

I'm mildly bullish on EUR given broad weakness on the dollar and supportive technicals ( esp             . a clear uptrend in RSI ). 1.1500 seems to be the next line of resistance - I still remember a wall of offers at that level right before the implementation of ECB QE , circa Feburary 2015. IF that area is cleared on a closing basis, there's very little in terms of resis until 1.20-ish (2015 initial and maximum levels). I will buy euro             on dips around 1.13 and aim for the selected targets. Best of luck.
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