docibby

EURUSD 8h chart : falling out of rising channel.

Short
FX:EURUSD   Euro / U.S. Dollar
See rectangle demand areas on chart. If price doesn`t hold there we will see a MAJOR shift in EUR affecting all other pairs as well. Additionally watching DAX makes sense. A weaker EUR is normally good for a rising DAX ( good for exporting companies ), but I am sceptical if this works out easily, due to fundamental problems like Greece, the Spanish banks etc. Be careful !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.