-
EUR/USD Falls from 1.29; Swing Projection and Bernanke Risk Event
1.29 resistance: The EUR/USD rallied from just below 1.28 up to 1.29 by the 5/21 Asian session. After several failed attempts it fell and tested the “central pivot area” 1.2840-1.2850. Although the market has stalled, it remains bearish. A break above 1.2940 might be needed to establish a bottom an neutralize the bearish outlook. If the 1H RSI falls back below 40 and price below 1.2840, we could refocus to the lows around 1.28 and subsequently the 2013 low at 1.2744. A negative reversal is a bearish signal given by a lower price high that corresponds to a higher RSI high after the RSI has gotten below 30 ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 21, 2013 9:54am May 21, 2013 9:54am
- Guest
- | IP XX.XXX.134.3
- Comment #2
- Quote
- May 21, 2013 10:29am May 21, 2013 10:29am
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
- Comment #3
- Quote
- May 21, 2013 11:34am May 21, 2013 11:34am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #4
- Quote
- May 21, 2013 11:43am May 21, 2013 11:43am
- Guest
- | IP XX.XXX.134.3