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2 Apr 2015
EUR/USD sellers at 1.0860 – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, suggests that EUR/USD bounce might meet sellers around 1.0860, and only above 1.0920 will the bears be disappointed.
Key Quotes
“Good resistance is here at 1.0860 and any bounce to these higher levels should encourage sellers back in the market....Hold shorts, add to 1.0890 and only reverse above 1.0920.”
“Cover shorts initially to 1.0720...Re-sell below 1.0685 as a break below here should provoke further weakness down to 1.0615 possibly 1.0562.”
“Only above 1.0920 would short term sellers be in trouble and we could see a rise towards 1.0960/110 where we would once more be sellers.”
Key Quotes
“Good resistance is here at 1.0860 and any bounce to these higher levels should encourage sellers back in the market....Hold shorts, add to 1.0890 and only reverse above 1.0920.”
“Cover shorts initially to 1.0720...Re-sell below 1.0685 as a break below here should provoke further weakness down to 1.0615 possibly 1.0562.”
“Only above 1.0920 would short term sellers be in trouble and we could see a rise towards 1.0960/110 where we would once more be sellers.”