Forex Positive

EURUSD final wave of short squeeze

FX:EURUSD   Euro / U.S. Dollar
After the massive short squeeze in EURUSD             on thursday, when ECB decided to disappoint the market without introducing stronger QE . On the short term technical level, there could be another final wave of short squeeze to 1.1100. The 1.1100 blue zone represents a significant price level. It is a strong support/resistance for the whole of year 2015 since Jan.

On the fundamental level, the story in EURUSD             & Euro             remains the same. The economy is weak, ECB is still continuing with QE . So on the longer term basis, EURUSD             remains a fundamental short.

If EURUSD             rallies further to this price zone, look to enter short.

Short EURUSD             1.1100-10
SL above 1.1150
TP 1.0800

Twitter @ForexPositive
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out