EUR/USD: Potential Bear Flag; Cable: Eroding Cloud Support - Commerzbank | Forex Factory

  • EUR/USD: Potential Bear Flag; Cable: Eroding Cloud Support - Commerzbank

    From efxnews.com

    EUR/USD basically consolidated its losses on Friday and is developing a potential bear flag to start this week, notes Commerzbank. "Last week we saw the market reverse from major resistance at 1.3958/1.40 (50% retrace of the move down from 2008) and sever its short term uptrend. We consider that the market has recently topped and is likely t o come under increasing downside pressure," CB argues. "We target initially 1.3643, the end of February low and eventually the 1.3476 2014 low and 1.3467 the 55 MONTH ma. Rallies are expected to hold below 1.3825/50 and only above here would suggest another run up to 1.3948/58," ... (full story)

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Pip Anon
Mar 24, 2014 7:34am
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Quoting balajis
Do the reverse of what the banks say as they want others to do what they want and they will quietly do the reverse and make money out of us
that is a horrible idea
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balajis
Mar 24, 2014 6:57am
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Do the reverse of what the banks say as they want others to do what they want and they will quietly do the reverse and make money out of us
Reply
ps3
Mar 24, 2014 12:51pm
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yes do opposite what they said,they just want you get trapped and lose your money
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