10 Jun 2015
EURUSD: Attack on 1.1445 seems likely - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, is neutral to slightly bullish in the EUR/USD, sensing an attack on 1.1445 is likely this week.
Key Quotes
"After selling off impulsively late last week, the Euro has rebounded strongly over the last few days and continues to build a series of higher lows over the medium term."
"Notice how there was no follow through selling after the large red bar from Friday."
This will be the next place the bears will consider entering so may provide a decent rejection. A daily close above here means the medium term trend has shifted to largely bullish.
Key Quotes
"After selling off impulsively late last week, the Euro has rebounded strongly over the last few days and continues to build a series of higher lows over the medium term."
"Notice how there was no follow through selling after the large red bar from Friday."
This will be the next place the bears will consider entering so may provide a decent rejection. A daily close above here means the medium term trend has shifted to largely bullish.