DislikedSee the chart. RSI and MACD both pointing towards down signal.
20SMA at 1.5800 level if it breaks then down move will be confirmed.
Daily showing range bound since it fell from 1.60.
Fundamental Issues:
Oil and Gold is coming down and if it continues next week then dollar will move from it's oversold position.
Euro economy is not strong enough to deal with strong euro.
If Oil comes down then the inflation will come down and no more rate hike for Euro. Maket realized that world can't except oil at 145 a barrel. That was the top and now it's time to move downward. Speculator's are not betting to move it higher anymore. Now, they will short to make profit from down move.
That's all my opinion. You guys can input yours.Ignored
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TRADE FOR SWAP
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