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Short

EUR/USD @ Resistance

FX:EURUSD   Euro / U.S. Dollar
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3
After Spain credit rating downgraded at the very last minutes of NY session, NY reacted on down side.

Sydney continued in the same fashion.
Tokyo opening made new lows but not with a great strength.

London open brings the price cheap to investors and since this morning we are rallying.
In the mean time USA jobless claims comes out positive but EUR rallys.

This is historic levels, if we break this area 2950-2970 we will see the orbit before Felix Baumgartner, but it's very likely that we will see rejection of this level considering Spain and EU situation in general.

I am already short, stops above 2970.

Comments

Agreed.
Reply
Agreed.
Reply
Chart suggests inverse H&S pattern, neckline at your upper red resistance? 1.297
Reply
Agreed.
Reply
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