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

By FXstreet.com | 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."



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