EUR/USD/FXWW News/Technical Analysis/Trade Ideas

EUR/USD: Better trades elsewhere but is getting bit overbought

The EUR/USD is probably the least interesting of all the major pairs, chopping around as cross flows dominate the market. The recent short term bull trend may indeed continue to stay in control but I think its more likely that the long-term range trading bias remains in control. If that’s the case, then levels near 1.3325/50 should be extremely toppy indeed.

  1. Prefer to sell rallies in medium term Andras, not 100% sure on levels but I’m confident that the next 5 big figs will be lower. Not much good for day trading 🙂 Guess I’m saying, sell intraday rallies and see what happens

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