EUR/USD is set up for a 'small' short squeeze - FXStreet

By FXstreet.com | August 05, 2014 AAA

FXStreet (Łódź) - In an interview with Dale Pinkert at the FXStreet’s Live Analysis Room, FXStreet Content Advisor Goncalo Moreira suggests that there is a 'small' short squeeze in store for the EUR/USD.



Key quotes



"According to the latest Forecast Poll the first short-term set-up may look like a bearish divergence if we infer how MACD and RSI oscillators may develop below 1,35."



"An additional sellable point would be on a break above the downward slopping trend line, coincident at 1.35 by end of the week."



"This is where the highest forecaster has been seen, nothing above that."



comments powered by Disqus
Related Forex Analysis
  1. EUR/USD trading in a tight range - FXStreet
    Forex News

    EUR/USD trading in a tight range - FXStreet

  2. EUR/USD keeps the 1.2650 area
    Forex News

    EUR/USD keeps the 1.2650 area

  3. SEB: EUR/USD temporary bounce from support - eFXnews
    Forex News

    SEB: EUR/USD temporary bounce from support - eFXnews

  4. US yields may soon be on the rise again - BTMU
    Forex News

    US yields may soon be on the rise again - BTMU

  5. Credit Agricole: EUR/USD sensitivity to risk appetite could return - eFXnews
    Forex News

    Credit Agricole: EUR/USD sensitivity to risk appetite could return - eFXnews

Trading Center