 | |  | | 本帖最后由 风里雾里雨里 于 2012-1-16 13:41 编辑
EURUSD was sold to lower levels for an 11th week in succession last week against a background of bearish signals for sentiment for this quarter. This took prices to the most negative levels traded for 17-months. Although net losses were minor and only determined by Friday’s sharp reversal in sentiment from the week's highs, the move emphasises the underlying bearish tone.
In view of this our call is Bearish below 1.2881. The immediate objective is 1.2588, August 2010 low, with a move below that point targeting 1.2533, a 78% pullback of the 2010-11 rise, or even towards a projected 1.2386.
The risk to this call is that selling pressure stalls though a fresh outright Buy signal would only be generated by a move through 1.2881, Friday’s peak. Prices and sentiment should then improve to 1.3077 and 1.3199, the 2 & 4 week highs. |  |  |  |  |
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