EURUSD Possible correction, then a new Short

EURUSD After the GAP, the couple started it is possible to see a slight correction to test the internal diagonal and a break pair will nasochki to resistance at 1.2000, which will give us a better position to sell new Short penetration level 1.1960 . The dollar remained supported after speculation of an early rise in interest rates and better economic data from the US. This week, investors expect the minutes of the Fed meeting on Wednesday, and will seek signs of the future policy of the bank. Additional support on the movement of the pair has the expected stimulus from the ECB. MA50 is below the MA 100 and MA 200, which is in favor of sellers. RSI is below the 20 level, indicating oversold.

Varchev Finance

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance