EUR/USD to make a big upside correction till the end of this week

By FXstreet.com | Updated August 06, 2014 AAA

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov remarks that the EUR/USD is sliding ahead of the ECB monetary policy meeting on Thursday, currently far below the negative Ichimoku and should make a big upside correction till the end of this week.

Key quotes



"The recovery move may be a part of tomorrow's high volatility too."



"Daily indicators are negative while smaller ones are mixed to positive."



"To the upside recovery is limited by 1.3610-20 resistance and i do not expect to break above it."



"Enter LONG above 1.3420, but we are bearish below 1.3400."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Video: Chinese Shares Don’t Rally on Chinese Stimulus, Dollar Rebounds

  2. Forex News

    EUR/USD Technical Analysis: Consolidating Above 1.07

  3. Forex News

    Investors more patient on a Greek resolution - Credit Agricole

  4. Forex News

    Greek debt concerns weigh on euro

  5. Forex News

    EUR/USD points to range bound near term – Scotiabank

Trading Center