26 May 2014
EUR/USD: Look for corrective pullbacks to go short - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is looking for a corrective bounce in the EUR/USD to go short, expecting targets at 1.3560 and 1.35 to be hit.
Key Quotes
"Tomorrow is the Memorial Day Holiday in the US, so expect thin markets come NY session all the way through to Tokyo."
"Losing ground 6 of the last 7 days, the Euro broke through the two pin bars lows, hitting a 3 month low last week. I'm expecting the bearish price action to continue with the potential to return back to the 'big figure' at 1.3500."
"Look for corrective pullbacks towards 1.3670-95 to get short with stops just above 1.3740. Downside targets are 1.3560 and 1.3500."
Key Quotes
"Tomorrow is the Memorial Day Holiday in the US, so expect thin markets come NY session all the way through to Tokyo."
"Losing ground 6 of the last 7 days, the Euro broke through the two pin bars lows, hitting a 3 month low last week. I'm expecting the bearish price action to continue with the potential to return back to the 'big figure' at 1.3500."
"Look for corrective pullbacks towards 1.3670-95 to get short with stops just above 1.3740. Downside targets are 1.3560 and 1.3500."