EURUSD - On a thin rope — Euro Fx/U.S. Dollar (FX:EURUSD) / 2014-05-22 — Razvan

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Euro Fx/U.S. Dollar (FX:EURUSD)

FX:EURUSD Euro Fx/U.S. Dollar

usd-us-dollar ema bounce

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.

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about EURUSD 10

yes i am agree with u

forexdaylabor

if you are short, what's your target?

hotwins

TP for short: 1.3630, then 1.3560, then 1.3480. My opinion

AdrianRotaru

thanks. US data coming up. it'll decide.

hotwins

Not yet short, but if I would be than 1.3600

nice, looking to go short now. TP at 1.3630 or 1.3550. which you this is ideal?

hotwins

For the moment I would wait for better confirmation :)

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

I think the price will go up only if 1.3745 breaks. Now flat in a downtrend to 1.3580

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..

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