26 Nov 2014
EUR/USD: Looking to see above 1.25 - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is looking to sell EUR/USD above 1.25, with tight stops above the monthly high, with downside target the lower end of the range.
Key Quotes
"With the Thanksgiving Holidays coming Thursday in the US, and banks shut down, liquidity is already drying up so be mindful of the potential changes in the Volatility."
"Continuing the bounce from the range support, the Euro gained solidly today for most of NY trading. I'll be looking to sell above 1.25, ideally closer towards the key range resistance with tight stops above the monthly high."
"Downside target will be the lower end of the range. If a price action breakout looks likely, I'll hold for a move down towards 1.21."
Key Quotes
"With the Thanksgiving Holidays coming Thursday in the US, and banks shut down, liquidity is already drying up so be mindful of the potential changes in the Volatility."
"Continuing the bounce from the range support, the Euro gained solidly today for most of NY trading. I'll be looking to sell above 1.25, ideally closer towards the key range resistance with tight stops above the monthly high."
"Downside target will be the lower end of the range. If a price action breakout looks likely, I'll hold for a move down towards 1.21."