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Forex Strategy: EUR/USD Short Trade Setup Sought

By , Currency Strategist
08 November 2013 11:49 GMT

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Talking Points

  • EUR/USD Technical Strategy: Pending short, waiting for confirmation
  • A Bearish Engulfing candle pattern below a channel top set from April ’08 hints at weakness
  • We will look for confirmation on a close below trend line support to look for short setups

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Forex_Strategy_EURUSD_Short_Trade_Setup_Sought_body_Picture_5.png, Forex Strategy: EUR/USD Short Trade Setup Sought

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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08 November 2013 11:49 GMT