www.varchev.com

EUR/USD signals are negative for EUR

EUR/USD: downtrend, mid-term choppy and short-term downtrend.

Short-term short has began with the pin bar at levels of resistance and is still active, bars are registering more new lows

5 ЕМА crossed from top to bottom 13 ЕMA giving a signal for a possible new downward impulse.

Confirmation for new short positions  can be a crossing RSI under 50

Sentiment: Monetary policy of FED is for a stronger dollar, as the ECB  policy is expansionary for a weaker euro.

Stefan D. Angelov – Head of Stocks Trading


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
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