9 Apr 2015
EUR/USD bias still remains bearish medium term - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, notes that EUR/USD bias still remains bearish medium term.
Key Quotes
"Continuing its sell off from our sell setup at 1.1025/30, the Euro lost ground today post the FOMC minutes. The pair is approaching the ST range support so am anticipating some short covering here."
"Bulls wanting to get long will look to this level as their first entry location. If this holds, then we should see an attack on 1.0875. If this fails, then the bids at 1.0630 will likely offer a stiffer test."
"Bias still remains bearish medium term."
Key Quotes
"Continuing its sell off from our sell setup at 1.1025/30, the Euro lost ground today post the FOMC minutes. The pair is approaching the ST range support so am anticipating some short covering here."
"Bulls wanting to get long will look to this level as their first entry location. If this holds, then we should see an attack on 1.0875. If this fails, then the bids at 1.0630 will likely offer a stiffer test."
"Bias still remains bearish medium term."