6 Apr 2015
EUR/USD is still bearish - 2ndSkies
FXStreet (Bali) - EUR/USD is still bearish below the key resistance zone between 1.1024 and 1.11, notes Chris Capre, Founder at 2ndSkies.
Key Quotes
"Although the Euro is building as if it want to make higher highs and turn bullish, the pair still is bearish below the key resistance zone between 1.1024 and 1.11. I'm staying bearish whilst we are below this zone on a daily closing basis."
"If medium term and long term bears step back around this zone, we should see a move back towards 1.09 at a minimum, then potentially targeting the prior swing low at 1.0736."
Key Quotes
"Although the Euro is building as if it want to make higher highs and turn bullish, the pair still is bearish below the key resistance zone between 1.1024 and 1.11. I'm staying bearish whilst we are below this zone on a daily closing basis."
"If medium term and long term bears step back around this zone, we should see a move back towards 1.09 at a minimum, then potentially targeting the prior swing low at 1.0736."