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."



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