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

By FXstreet.com | Updated 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."



Related Forex Analysis
  1. Forex News

    EUR/USD fails to regain 1.2500

  2. Forex News

    EUR/USD eyes 1.2500 after CPI

  3. Forex News

    EUR/USD regains 1.2480 and beyond

  4. Forex News

    USD bulls taking a breather? – Rabobank

  5. Forex News

    Yesterday’s low is today’s support for EUR/USD – FXStreet

Trading Center