-
EURUSD Stalls at Former Channel Support, Targets 1.1340
There is a reason I have stayed away from buying the EURUSD in recent weeks, and it all comes down to a level that has played a significant role since the 2015 low. I have mentioned this level in just about every weekly forecast for the past year. During yesterday’s session, the single currency tested the former support area as resistance for the second time since February. Of course, I’m referring to former channel support that broke down last October. And as long as the pair remains below this handle on a daily closing basis, I will maintain a bearish bias. But unlike the February retest, yesterday’s session ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 4, 2016 11:31am May 4, 2016 11:31am
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #2
- Quote
- May 4, 2016 2:22pm May 4, 2016 2:22pm
- hdt
- | Joined Aug 2015 | Status: Member | 47 Comments
- Comment #3
- Quote
- May 4, 2016 2:28pm May 4, 2016 2:28pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #4
- Quote
- May 4, 2016 2:29pm May 4, 2016 2:29pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #5
- Quote
- May 4, 2016 2:30pm May 4, 2016 2:30pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #6
- Quote
- May 4, 2016 2:31pm May 4, 2016 2:31pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #7
- Quote
- May 4, 2016 2:33pm May 4, 2016 2:33pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #8
- Quote
- May 4, 2016 7:47pm May 4, 2016 7:47pm
- genghistar
- Joined Mar 2012 | Status: Servant of wealth | 91 Comments
- Comment #9
- Quote
- May 4, 2016 7:57pm May 4, 2016 7:57pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #10
- Quote
- May 4, 2016 9:20pm May 4, 2016 9:20pm
- genghistar
- Joined Mar 2012 | Status: Servant of wealth | 91 Comments
- Comment #11
- Quote
- May 4, 2016 10:26pm May 4, 2016 10:26pm
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments
- Comment #12
- Quote
- May 5, 2016 5:42am May 5, 2016 5:42am
- Guest
- | IP XX.XXX.111.80