Tuesday 25 June 2013

EUR/USD long ? short ?

hello again,

Unfortunately, the EUR / USD situation does not look so clearly. A few posts ago I wrote about the arguments talking about the strength of the dollar and now it seems that the whole five wave trend has not yet been fully drawn.

As shown on the chart should now test the levels of 3300-3400. I know it sounds crazy because I recommend the entry of smaller face value, and with a stop loss at 3050.

I repeat, I am not as confident in this analysis completely. Tomorrow is an important macro data that should show better results than expected. We also have the statement Mr. Jack Lew from U.S. Department of the Treasury.



chart 1, EUR/USD, H1, 2013-06-24


best regards,
oscarjp



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