EUR may be in for a multi-week bull run outperforming against most majors. The latest Greece rescue package has probably triggered this short term reversal and its time for EUR to do some catching up in a bigger way.
For today, E$ stops have accumulated around 1.3180/1.3280/1.3330 and I like the EURUSD lower first to before grinding higher, only to pick up momentum into next week.
I am bullish EURUSD. Target 1.3400-1.3800. Will not discount 1.4200.
Other scenarios:
a) 1.2700 first then reversal (lowest probability)
b) 1.3020 first then reversal (needs some really shocking news)
Just my view :)
What do you think?
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