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7 Jan 2015
EUR/USD: Sell weak rallies - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, continues to endorse selling EUR/USD from weak rallies into key intraday resistance levels.
Key Quotes
"Yesterday in the members commentary we talked about selling from resistance, either at the 1.1972 or 1.2045 area short term. The market pulled really close to that intra-day resistance level within a few pips and then dropped over 115 pips."
"Short term we are in a corrective phase and range between 1.1970 and 1.1860, so short term play the range, while look to sell from weak rallies into resistance, including the aforementioned."
Key Quotes
"Yesterday in the members commentary we talked about selling from resistance, either at the 1.1972 or 1.2045 area short term. The market pulled really close to that intra-day resistance level within a few pips and then dropped over 115 pips."
"Short term we are in a corrective phase and range between 1.1970 and 1.1860, so short term play the range, while look to sell from weak rallies into resistance, including the aforementioned."