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Ardy
Sep 8, 2013 4:13 PM

EURUSD - Weekly Time Frame 

Euro Fx/U.S. DollarFXCM

Description

I am neutral on this pair. The pair has traded above a downtrend line but last week, came back in! On top of that we have stochastics pointing down. So I am hard fetched to call a long on this pair. MACD though is neutral, going sideways but above the zero line.

My take on this pair is that it might go down a little more before the bulls might come in.

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