1 Dec 2014
EUR/USD enters sell zone - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, remains bearish EUR/USD, looking to sell any new weak rallies between 1.2515 and 1.26.
Key Quotes
"Last week we discussed our preference to sell the Euro on rallies into our sell zone between 1.2515 and 1.26. The pair went right into our sell zone before finding strong offers which sent the pair about 90 pips lower."
"For now, we remain bearish and will look to sell any new weak rallies into the sell zone. Only a daily close above 1.26 changes the ST bearish bias. Downside targets are 1.2375 and 1.21."
Key Quotes
"Last week we discussed our preference to sell the Euro on rallies into our sell zone between 1.2515 and 1.26. The pair went right into our sell zone before finding strong offers which sent the pair about 90 pips lower."
"For now, we remain bearish and will look to sell any new weak rallies into the sell zone. Only a daily close above 1.26 changes the ST bearish bias. Downside targets are 1.2375 and 1.21."