Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • EUR/USD Technical Outlook - 1 0 comments
    Sep 11, 2013 1:55 PM | about stocks: FXE

    From September 6th, EURO has been in an uptrend which targets a pullback with the broken rising channel. In the 1.3318 to 1.3348 - wherein a AB=CD pattern materializes - we will expect selling pressure.

    Our trigger to short the EURO will be the breaking of the 1.3246 level to the downside.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in FXE over the next 72 hours.

    Stocks: FXE
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