Banker928
Short

eurusd - short

FX:EURUSD   Euro Fx/U.S. Dollar
166 4 3
well last eurusd             hit SL (barely!). Bias is still very bearish . 70 rsi hit on the daily, still having trouble breaking the 100 sma and also the 76.4% retrace. Greece drama remains unsolved, QE is flowing and deposit rates are negative. SELL ALL THE EUROS!

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booze765
2 years ago
isnt that a double bottom ?
if eur is down ! usd up and then oil down ?
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Banker928 booze765
2 years ago
kind of an ugly looking one. definitely support there and may take more than one attempt to break on the way down.
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booze765
2 years ago
do you still believe we will see 1.000?
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Banker928 booze765
2 years ago
still very much a possibility. The key is the upcoming deadlines for Greece. If a resolution comes in that sees Greece capitulate to the troika and avoid default than it will be hard for the eurusd to establish new lows until the fed hikes rates (maybe september). If Greece doesn't come to the table and actually defaults than we are looking at not only parity but 0.9500. First greek deadline is june 5th. The real one where the poop hits the fan is mid July. if sentiment is low for a deal by end of June than look out below.
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