EUR/USD: Retracing But Still Bearish
Nenad Kerkez | Nov 24, 2014 10:52AM ET
EUR/USD 2470 needs to hold for a continuation of bearish mode
EUR/USD is having a retracement, but its still bearish on higher timeframes. Monthly, Weekly, Daily. Now we can see that EUR/USD has reached 2600 but it was 20 pip short of the final target 2620. Now we can see that both inner and november trend line have been broken and rallies up to 2445 could give selling opportunities. 2470 needs to hold for intraday bearish mode. Targets are 2340 and 2285 is the final target.
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