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EURUSD - Short on deeper pullbacks - 2ndSkies

FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, EUR/USD is showing signs of a more volatile trend, suggesting that deeper pullbacks should be awaited before shorting.

Key Quotes

"Forming a deeper pullback and thus making the trend more volatile, the Euro formed a solid bounce of ~300 pips, before finding sellers again. Because of the nature of the volatile trend, we want to look for deeper pullbacks to short."

"I'm looking to sell around 1.2817 or 1.2900 to trade with the trend. If any selling that resumes becomes corrective, its likely we'd have a two way market for both sellers and buyers to play the levels."

"A daily close above 1.30 negates the current bear trend (by and large) with 1.25 being the key support level for bears to take out and bulls to defend."

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