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DanV
Sep 15, 2013 6:50 PM

EURUSD - Short Term Bearish Short

Euro Fx/U.S. DollarFXCM

Description

For the record from my previous EURUSD charts, you will note that I am in the longer term bullish and do not think that EUR will be consigned to the pit till has traveled to post higher highs before turning down. Check out my previous charts for the back ground to by bullish bias. However, during the coming week my updated DXY chart tradingview.com/v/eI2kMmbR/ suggest that EUR could be vulnerable and could retrace back to 1.32 or little lower before continuing higher.

Comments
HanLoeis
continue bearish hourly and reversal price
AncientM
Ya, a good trade. I have stopped selling it at around 1.348..
DanV
Closed with some profit, didn't get to where we expected. Gap open I guess paid put to bearish target. But longer term trend to the upside is now almost confirmed and is very strong.
AncientM
I am shorting the pair as correction is expected due to the FOCM effect.
AncientM
There was a great sell opportunity from around the 1.34 area after the market open of this week...however 1.32 is possible DanV.
DanV
Well, that seems to have blown through anticipated price action. So I have review it and made some minor adjustment to counts and still expect that retracement to 1.32 area or close to it. Here is the revised chart.
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