Eur/usd Next Week
Which way do you think EUR/USD is headed?
You would think that since the economy seems to be showing signs of improvement in certain areas that Euro would benefit, but Euro seems very, very heavy in the face of massive rallies in equities. From where the price is now it will be much easier to go down than up as it is bumping against SMA resistance. There is the double whammy of SMA and Fib s/r on both sides of the pivot right now.
I'd try to sell at 1.3295