Entering text into the input field will update the search result below

EURUSD: Break Of 1.2800 Puts 1.2500 In Play

Jul. 08, 2013 4:14 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EURUSD made three legs up from 1.2750 low to 1.3420 which we believe it was a corrective, contra-trend price action within a larger downtrend. We are talking about blue wave (2) which is showing signs of completion around 1.3420 level after sharp decline in the last three weeks with impulsive personality. Notice that pair is now already testing an important trend-line from October 2012 swing lows. Break here is expected which may cause a significant decline in the second part of this year.



Do you like our analysis? You want more? Now it's your time, get our services now for 2 Months for Price of 1.

Click Here for 2 for 1 Offer


Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.