KrunchieKilleen
Short

EUR/USD: How far will it upswing before dropping again?

FX:EURUSD   Euro / U.S. Dollar
230 5 2
I have drawn on the chart the Resistance Line of the present down-trend, as well as Resistance Lines of the last upswing and projected present upswing. The blue horizontal line predicts the top of the present upswing, a level at which a short should provide quick profit.
bingo 134.88
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euro will weak on october - more euro on the market by ecb
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After German PPI in 3.5 hours we have no real data until Thursday EURO PMI. So I see upswing opportunity for a short in the next 2 days.
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Good advice, would it be possible to do one for EURJPY? I'm watching and waiting for a break above 137.30. Thanks In Advance!
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I will have a look when I get a moment. I continue to watch the EURUSD because the ECB seems to have a definite policy of letting the Euro slide.
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