EURUSD looks extremely weak, maybe we see a push back back to the 20 day Moving average as we are currently at a Sept 2020 and Nov 2020 bottoms
In the medium term, EURUSD has a long way to go to show any possible strengths. If the current level is breached, we could probably see 1.12 levels on the pair. Keep an eye on the Dollar index alongside.
Like I said, current move may show some signs of short term recovery, or a possible halt , but once price is around the 20 period MA, I continue to have a short bias.
In the medium term, EURUSD has a long way to go to show any possible strengths. If the current level is breached, we could probably see 1.12 levels on the pair. Keep an eye on the Dollar index alongside.
Like I said, current move may show some signs of short term recovery, or a possible halt , but once price is around the 20 period MA, I continue to have a short bias.
Comment:
Small red candle today. We saw we were at very critical support zone. While our outlook remains bearish, a pullback towards 1.17ish should be a great place to short the Euro. A sharp break here downwards could also be a good entry as a sharp fall from here could take us to 1.12ish levels
Comment:
Eur showing short tern strength, expect it to come again 1.176 levels and then we revere to go show based on the fundamental news flow