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27 Mar 2015
EUR/USD: Medium/long term bear trend still in place - 2ndSkies
FXStreet (Bali) - The medium/long term bear trend in EUR/USD is still in place as long as 1.10-1.11 zone holds, notes Chris Capre, Founder at 2ndSkies.
Key Quotes
"Bears have the lines in the sand between 1.10-1.11 so as long as this area holds, the medium/long term bear trend is still in place."
"Those traders already short should lock in some profit and neutralize the risk."
"A further push below 1.08 will help with further losses and a push towards 1.0630 which is the key support zone for bulls."
Key Quotes
"Bears have the lines in the sand between 1.10-1.11 so as long as this area holds, the medium/long term bear trend is still in place."
"Those traders already short should lock in some profit and neutralize the risk."
"A further push below 1.08 will help with further losses and a push towards 1.0630 which is the key support zone for bulls."