fractal_trader
Short

EURUSD just doesn't Want to Go Down

FX:EURUSD   Euro Fx/U.S. Dollar
32 0 1
After a breakout had been hit into the overall trend direction (down) about two months ago, the EURUSD             has not been able to continue this direction. Instead the pair traded on top of that breakout level, only to move higher towards mid of last week. Now it seems we are approaching the major resistance that EU has been respecting for more than one year now. We'll see if that level holds, or if broken, there is no more reason to look for shorts or stay short. The coming weeks should be interesting in this regard.
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