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. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. EUR/USD Sitting Still
    Investing

    EUR/USD Sitting Still

Trading Center