EUR/USD: Big ATR Due To Fundamental Shifts
Nenad Kerkez | Jan 26, 2015 10:38AM ET
EUR/USD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short-term trades but bear in mind that 1.1200 is now interim support. So to further go down to 1.1200 should break, but intraday momentum is still high to the upside. That leaves a potential for 1320-1330 (next zone for short trades) in the case that 1280 breaks. 1.1035 should be the target then but ATR is big on EUR/USD (caused by fundamental shifts) so pay attention to 1200 and 1150 in the case of rejections from POC zones.
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