Posts tagged ‘short’

February 16, 2012

EUR/USD Continues to slide in favor of short trades

“Shorts are in play and price continues to slide intraday. Lows at 1.2992 are under pressure but hourly studies are oversold. Daily charts retain a bearish bias and favor further weakness. The lower Bollinger at 1.2935 is the next port of call eyed on the downside. Stops are above 1.3100. (AS)”