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Razvan
May 5, 2015 9:29 AM

EURUSD - Targeting 1.1000 

Euro Fx/U.S. DollarFXCM

Description

think there is a good probability for the EURUSD to target 1.1000. But it might not be that steep. Economic data coming up. A brea above 1.1120 and the upper line of the Falling Wedge could trigger a positive move for the Euro.
Comments
omar_bortolussi
probably yes i can short from 1.11388 to 1.11241 target 1.10167 ; why i'm not really sure 1.1120 yes 100% can do that but i want have idea little bit different from u.
Razvan
The chart should have looked like this.
chitthethtwe
Getting there this evening (london time) or maybe tomorrow ??? Share your thought please.... (thanks a lot by the way, I read your posts on EURUSD all the time and gained some trades )
Razvan
Hello, at this point I don't think that it can go down so fast. For the moment I can't see strong bearish signals and that is why I am waiting for the market to consolidate or do something. Maybe it will look a bit different before the release of the economic indicators. I really don't know to answer you question now.
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