The Euro/US Dollar structure still looks very bearish.
It may be off the short term-bottom following the rate announcement
by the ECB but I cant see the positive sentiment lasting.
Resistance currently stands at round 1.0155 and then 1.0360.
At these levels I feel that appears to be a good point to go short again.
MACD on 4hr and daily presently positive.
So, short-term a LONG EUDUSD for potentially 200 pips
It may be off the short term-bottom following the rate announcement
by the ECB but I cant see the positive sentiment lasting.
Resistance currently stands at round 1.0155 and then 1.0360.
At these levels I feel that appears to be a good point to go short again.
MACD on 4hr and daily presently positive.
So, short-term a LONG EUDUSD for potentially 200 pips