-
It doesn't look good for the euro here
The US dollar continues to creep higher EUR/USD is down 60 pips since the start of Asia-Pacific trading and 160 pips since the post-Fed decision peak. Technically, there isn't much reason for optimism. Bids ahead of 1.0840 are holding at the moment but there isn't any technical support until 1.0800. If support just below 1.08 breaks it could open the floodgates as well. The best hope for the euro bulls is that US dollar longs head for the exits after the Fed. I believe that's a high risk but there are just no signs of it other than fast money bailing earlier at 1.0890. Another thing to note is that there are $7B of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 17, 2015 5:59am Dec 17, 2015 5:59am
- CoolJL
- | Joined May 2011 | Status: Member | 811 Comments
- Comment #2
- Quote
- Dec 17, 2015 7:34am Dec 17, 2015 7:34am
- anton.olff
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 138 Comments
"The market can remain irrational longer than you can remain solvent"
- Comment #3
- Quote
- Dec 17, 2015 8:58am Dec 17, 2015 8:58am
- cat
- Joined Oct 2010 | Status: Member | 445 Comments
- Comment #4
- Quote
- Dec 17, 2015 10:20am Dec 17, 2015 10:20am
- VentureForex
- | Joined Mar 2015 | Status: Member | 4 Comments
Schoenhal Forex Strategy Team
- Comment #5
- Quote
- Dec 22, 2015 5:17am Dec 22, 2015 5:17am
- Sajid
- Joined Jan 2015 | Status: ** NEWBIE ** | 28 Comments
Forex; the game of movements not the game of candles.