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3 Mar 2014
Flash: EUR/USD potential downside mid-term? – FXSreet.com
FXStreet (Edinburgh) - Gonçalo Moreira, CMT at FXStreet, suggested that the bearish bias still prevails in the medium term horizon for the EUR/USD.
Key Quotes
“Despite four consecutive week of rising values the mid-term views are skewed towards lower prices”.
“Worth following are the long-term views presently perched above 1.34. An escalation of this average value would place the indicator at historical extremes leading to an overheated euro usually dominated by bearish sentiment”.
Key Quotes
“Despite four consecutive week of rising values the mid-term views are skewed towards lower prices”.
“Worth following are the long-term views presently perched above 1.34. An escalation of this average value would place the indicator at historical extremes leading to an overheated euro usually dominated by bearish sentiment”.