FX:EURUSD   Euro / U.S. Dollar
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I'm rather neutral on this through the next ouple of weeks, however many signs are pointing to a rollover in the Euro , or at least a slowing. Declining momentum, Doji candle signalling a potential reversal, and plenty of areas underneath from recent consolidation that may be revisited. I don't see it breaking below 1.2790 if in fact price does halt and reverse.

Not really a short as I see downside limited. Upside is also limited unless breakout in momentum occurs.



Comments

I am neutral too. Both up and down have big hurdles, not a market I would want to enter. Good analysis!
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