theecohouse
Short

EUR Weekly Longer Term Trade Targeting 1.2700

FX:EURUSD   Euro Fx/U.S. Dollar
188 1 2
EUR Weekly Longer Term Trade Targeting 1.2700

ECB governor Draghi had a very balanced commentary with the unchanged rate decision overnight. He attributed the recent rise in the EURO             as confidence in the region and said it was too early too tell if a stronger currency would affect the recovery. Competent financial journalists will be scrambling for a catch phrase other then “currency wars” when writing about the euro             this weekend!

The spot EUR/USD             rate did respond by trading lower to 1.3390. If we end the week below 1.3460 (which looks like we will at this stage) we like setting shorts with a stop through 1.3715 and targeting 1.27 on a weekly chart.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out