$EURUSD poised for reversal but needs confirmation 06-05-2014

FX:EURUSD   Euro / U.S. Dollar
The ECB announcement reversed the selloff in the Euro             today but whether this is the beginning of a new leg up is uncertain. We need to see confirmation of the hammer candlestick on the chart and a little more follow through on the stochastic . The biggest challenge from a technical perspective facing the Euro's ability to break above 1.40 is all the congestion at levels in between. Fundamentally a higher Euro             isn't good for a Eurozone economy still struggling to produce positive GDP numbers. Last 4 quarters are all positive but just barely: .3, .1, .3, .2 - nothing to get enthused about.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out