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dsorchestra90
Sep 4, 2015 3:58 AM

Possible long term EUR/USD Setup 

Euro Fx/U.S. DollarFXCM

Description

Draghi jaw boning or further QE could put the immediate moves into question.. From just reading the char however, the euro seems to be staging a relief rally (MACD about to cross bullish, oversold yet recovering RSI, bottoming out Coppock curve. Over-head resistance sits ~1.25, where I think EUR will fail and reverse, break thru parity, and sink test the all time low of ~.85
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