JohnKicklighter
Short

First Monthly EURUSD Advance in 10 Months

FX:EURUSD   Euro / U.S. Dollar
455 5 13
The EURUSD's selling has been persistent             and aggressive. However, that doesn't mean that it will end with an abrupt reversal. The circumstances for its decline run much deeper than technicals and they are not as easy to resolve as Greece finding short-term funding. I'll keep my bias bearish , but positioning depends on better entries and reasonable targeting.
NIce analysis :D. But a see a nice reversal on the monthly chart with an upside as far up as 1.15-1.20 (BB mid line/Pev support). But a agree, hard to think one month will make trend change!

Keep up the good work!
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I agree...but wouldn't be surprised to see a push to 1.15-1.20 in the shorter term. Looking at 1.15 and 1.1 for possible shorter term trades long.
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Sry, meant 1.1150 and 1.1000 for long entries.
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snapshot


I'd need the directional movement index to switch to really consider a short entry. I can't really see that happen while price is above 1.1 for now, so while I think a bit of a pullback is imminent, I'm still keener on long entries for now.

Below 1.1, yup, short's probably the better option.
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A splendid analysis. Though many analysts may disagree, I think you may be on to something here. I see bullish nonetheless.
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