Eurusd is becoming the nightmare on Elm St

29 Nis 2016

I have been bullish on this pair since march. buying on the up swings getting a few pips here and there. Now and once again we are approaching resistance and 1.1440. if price is rejected I think we could see the price reach back down around 1.0800 area. However if price action blasts through 1.440 then I believe in the bigger picture we could see price dance around 1.1800 witch is a weekly supply zone and 1.618 fib. personally I think the euro is out of steam... but we know there is a big difference between what we feel and what the market will do. I would love to read your opinions on this!