8 Dec 2014
EURUSD: Breakdown continues, looking to sell - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is looking to sell on pullbacks into resistance around 1.2360 and between 1.24/2450, with downside targets at 1.21 and 1.2050.
Key Quotes
"The Euro has solidly closed below the 1.23 handle on some solid selling to end last week post NFP. For now, we'll continue to trade with the trend, looking to sell on pullbacks into resistance."
"Our key levels and sell zones are at the role reversal level around 1.2360 and between 1.24/2450. Only a daily close above here mitigates the bearish momentum."
"Downside targets are 1.21 and 1.2050."
Key Quotes
"The Euro has solidly closed below the 1.23 handle on some solid selling to end last week post NFP. For now, we'll continue to trade with the trend, looking to sell on pullbacks into resistance."
"Our key levels and sell zones are at the role reversal level around 1.2360 and between 1.24/2450. Only a daily close above here mitigates the bearish momentum."
"Downside targets are 1.21 and 1.2050."