EUR/USD - Trading and Technical Analysis

DavidKl

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Hi Guys, I just wanted to start a thread on EUR/USD to discuss the short term and long term view of the above mentioned pair.

I personally think that the market is little confused right now and it doesn't have a clear direction yet. Of course Long term the pair will go down, however I think that the short term uptrend is still in play taking the uptrend trend line into consideration. I will wait to see if the price will bounce back of that trend line and will go long if I will see a reversal sign there at 1.09216 otherwise if the trend line will break then i will go short. My TP would be set on 1.0960 area....

Let me know your thoughts what you guys are getting up to on that pair.
 

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EUR/USD forecast appears to be bearish.

The EUR/USD declined this week. There doesn't seem to be any really market-moving events coming up next week and it seems like a weekly put may be a good idea.
 
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