News Column

Forex Strategy: Waiting to Trigger EUR/USD Short

May 9, 2014

Ilya Spivak

The Euro tumbled against the US Dollar having tagged the highest level in nearly two months, making a bid to form a double top at 1.3932 (March 18). Rising trend line support comes in at 1.3804, and I will look for a daily close below this barrier as confirmation to begin looking for selling opportunities in line with my long-term fundamental outlook.



SEE CHART HERE




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DailyFx


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters