EUR/USD downtrend

EUR/USD downtrend

18 August 2014, 15:59
Andrea Campi
0
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Good afternoon to everybody. This is my first post on EUR/USD and I would like to start this blog with this neophyte analysis of this chart.

In my opinion, the trend of EUR/USD is still bearish however we are assisting to a lateral phase.

I expect that a breach under 1.3330 will confirm the negative trend.

On the other hand, a break of 1.3450 will consist in a short uptrend that could reach the level of the Supertrend indicator. 

 

EUR/USD 18/08/2014 16:00

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