EUR/USD SHORT Fundamentals: - The QE program in the Euro zone is still well under way and the latest Non Farm Payroll figures squash Janet Yellens speech last week which I expect to bring the Euro back down to major support levels. The recent rally in the Euro has mainly been caused by the weaker USD which now seems to be back on the strong side. I will be looking to sell again this week taking technical’s into account.
Technical's:- On the bigger time frames the technical signals still need to be confirmed for the downside. However on the 1 hour chart you can see an opportunity to use the head and shoulders formation to take a short term sell position. The entry, stop loss and take profit level are clearly marked on the chart.. Take the professional traders course for free bankonadam.com
