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24 Jun 2013
EUR/USD, look to short on pullback to 1.3182 - 2ndSkies
FXstreet.com (Barcelona) - The EUR/USD printed a very commanding bearish engulfing candle on the weekly chart, a formation suggesting that sellers are now the ones ruling in this market. Note sellers only needed 3 days to wipe out 10 days of gains.
Retest of 1.3182 chance to rejoin downtrend - 2ndSkies
According to Chris Capre, Founder at 2ndSkies, with a bear view in line with an earlier analysis, said "With the break and close below both 1.3182 (key level), and the daily 20ema, I’m only looking for sell signals now. I’ll short on a pullback towards 1.3182 and the daily 20ema, targeting 1.3090 and 1.2975." Only a close back above 1.3250 this week would negate Capre's bearish view.
Retest of 1.3182 chance to rejoin downtrend - 2ndSkies
According to Chris Capre, Founder at 2ndSkies, with a bear view in line with an earlier analysis, said "With the break and close below both 1.3182 (key level), and the daily 20ema, I’m only looking for sell signals now. I’ll short on a pullback towards 1.3182 and the daily 20ema, targeting 1.3090 and 1.2975." Only a close back above 1.3250 this week would negate Capre's bearish view.