It is simply much more likely a short because the price has been rejected several times in the resistance area. On the chart there is the necessary. In red the resistance area that rejected the growth, in green the support area and the next possible target.
Semplicemente e' molto piu probabile uno short siccome il prezzo e' stato rigettato piu' volte in area di...
The fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
