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Pashabxl
Jul 14, 2014 11:55 AM

EURUSD:First Target more then ever. 1.366  Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD is in the expected path despite some small correction or hesitation of the market.
Indicators show clearly that at 1.362 we are already at an oversold level, i.e we are much above our benchmark which is 1.355. In other words, the first target which is 1.366 still remain. The second target is being 1.372-1.375.
Bare in mind that ECB President ABS announcement may interfere with the forecast.
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