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EUR/USD: Euros made a move above 10950

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euros made a move above 10950 but this could not be sustained and over night we have come lower....we are below 109 as such now we have to look at the downside potential...we would like to see Euros back above the daily pivot of 10917 before we would attempt longs... If we cannot, then we shall come lower and we would be looking at further weakness with 10832/25 then the targeted area. We are going to cover all short positions down to these lower levels and attempt longs... We will hold longs

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