EUR/USD Technical Strategy: Flat
Our EURUSD short position from 1.3270 was stopped out as prices took out resistance at a falling trend line set from February to expose the 38.2% Fibonacci expansion at 1.3412. A further push above that targets the 50% level at 1.3482. Alternatively, a move back below the trend line (now at 1.3304) eyes the August 2 low at 1.3187. Current positioning does not offer an attractive re-entry opportunity and we will stand aside for now.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya‘s e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
EUR/USD Moves to Test June Top
Tidak ada komentar:
Posting Komentar