22 May 2015
EURUSD: Corrective phase, lookign for shorts - 2ndSkies
FXStreet (Bali) - The Euro is in a corrective phase on the range lows, notes Chris Capre, Founder at 2ndSkies, who is still lookign to get short the shared currency.
Key Quotes
"Posting another day of meek bounces, the Euro is in a corrective phase on the range lows. I'm suspecting the 1.1270/88 resistance level should hold on a pullback so am looking to get short."
"This will be my first pullback level while the 1.1430/50 would be my second level to get short. Only a daily close above the latter negates my range bias ST."
"Closing below the range support puts 1.10 under attack."
Key Quotes
"Posting another day of meek bounces, the Euro is in a corrective phase on the range lows. I'm suspecting the 1.1270/88 resistance level should hold on a pullback so am looking to get short."
"This will be my first pullback level while the 1.1430/50 would be my second level to get short. Only a daily close above the latter negates my range bias ST."
"Closing below the range support puts 1.10 under attack."