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sunny
Apr 20, 2014 2:57 AM

downward channel + expecting bad EU data and US recovery Short

Euro Fx/U.S. DollarFXCM

Description

Popular MAs are on the daily chart are getting muddied up in this area and I think they are turning into resistance.

I am taking a guess that by April 30, the dollar can take off 250 pips from the Euro. Once the Yellen speaks dovishly, the dollar may suffer. Until then, shorting EUR/USD.
Comments
pcmourao
That gap want's closing
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