Back
27 Aug 2014
EUR/USD: Bearish while below 1.3350 - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, remains bearish EUR/USD while the pair is below 1.3350.
Key Quotes
"As we wrote about in our weekly market commentary, we suspected the bearish pressure would remain."
"After losing a handle on the key support we mentioned in 1.3193, the pair rejected off of the intra-day, treating it as a role reversal level on Monday, then heading lower."
"For now, remain bearish while the pair is below 1.3350, and watch the price action around 1.3100 which is key support and may see some bulls step in."
Key Quotes
"As we wrote about in our weekly market commentary, we suspected the bearish pressure would remain."
"After losing a handle on the key support we mentioned in 1.3193, the pair rejected off of the intra-day, treating it as a role reversal level on Monday, then heading lower."
"For now, remain bearish while the pair is below 1.3350, and watch the price action around 1.3100 which is key support and may see some bulls step in."