Razvan

EURUSD - On a thin rope

FX:EURUSD   Euro / U.S. Dollar
The EURUSD is now walking on a thin rope. My technical analysis tells me that it is still a high probability to see a bounce from this area. It is true that fundamentals are signaling bearish . So careful careful careful!! I believe that only a break above the "holy" 1.3730 would trigger a bigger rally, while a drop bellow the 200 EMA would clearly be a bad signal for the European single currency.

Comments

Yeah..I'm a little skeptical ... marco and fundamentals bearish... and past three EMA breaks never lasted more than 4 days... we're already in day8....
Only july of last year, really broke the oblique support... before rallying rapidly and violently.
A lot of indecision going on here..
+1 Reply
yes i am agree with u
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hotwins forexdaylabor
if you are short, what's your target?
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TP for short: 1.3630, then 1.3560, then 1.3480. My opinion
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hotwins AdrianRotaru
thanks. US data coming up. it'll decide.
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Razvan hotwins
Not yet short, but if I would be than 1.3600
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nice, looking to go short now. TP at 1.3630 or 1.3550. which you this is ideal?
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Razvan hotwins
For the moment I would wait for better confirmation :)
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In my setup BUY only if the price in more than 1.3735, ideal after testing not at breaking SL at 1.3630 an TP 1.3860 or 1.3950
Reply
I think the price will go up only if 1.3745 breaks. Now flat in a downtrend to 1.3580
Reply
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