EUR/USD, sellers are in place!

mario urlic forex eur-usd 08.01.

As I wrote in my previous EUR/USD analysis from January 04., that despite the bullish beggining of the year, the pair could fall down after it touched the down trend line, it did at the same day. But, the pair has find a buyers at 1.0710, near my predicted support and they have pushed the euro strongly up yesterday, again to the same trendline and resistance at 1.0940/50, which holds again. The sellers are in place and daily MA100 and 200 are not easy to reach here, as I wrote before. On the way back down, 1.0800 could be the first serious support, minnor at 1.0830/40, stronger one is placed at 1.0670/700. Could we expect a long term tight range trading here before some serious central bank moves?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s