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eur-usd
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- Feb, 05 EURUSD: Remain Short as Down Move Accelerates
- Jan, 29 EURUSD: Remain Short as Prices Drop Below 1.40 Level
- Jan, 21 EURUSD: Remain Short as Prices Surpass Another Target Level
- Jan, 15 EURUSD: Continue Holding Short Through Bullish Correction
- Jan, 08 EURUSD: Remain Short as Consolidation Continues
- Dec, 22 EURUSD: Stay Short as Prices Surpass Initial Profit Target
- Dec, 11 EURUSD: Upward Correction Possible But Bias Still Bearish
- Dec, 07 EURUSD: Short Position Taken as Channel Support Breaks
- Nov, 27 EURUSD: Euro Bearish Breakout is Nearly Confirmed
- Nov, 13 EURUSD: Possible Double Top in Place Above 1.50
- Oct, 30 EURUSD: Bearish Engulfing May Signal Major Reversal Ahead
- Oct, 23 Euro Bears Near Point of No Return
- Oct, 16 Euro Grapples With 1.50 Against US Dollar
EUR/USD
Strategy: Pending Short
The bottom line for EURUSD is virtually unchanged from what we identified last week, with prices seemingly on track to set a double top 1.5065 as the RSI oscillator shows clear negative divergence with the highs in price action. Long-term positioning is also supportive, with weekly charts showing a formidable Bearish Engulfing pattern. We will look for confirmation of a trend change on a daily close below support at a rising trend line established from the lows in March (now at 1.4855) to establish short.
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