My picks: Short EURUSD (pending)
Expertise: Global Macro, Classical Technical Analysis
Average Time Frame of Trades: 1 week - 6 months
EURUSD has rallied to considerable resistance near 1.37, the intersection of a falling trend line that has capped EURUSD since mid-August and the lower boundary of a congestion region that has acted as both support and resistance on numerous occasions since September. While a clear sell signal has not materialized, I will monitor prices closely in the days ahead for an opportunity to enter short, initially targeting the previous swing bottom near 1.29 and beyond the double bottom above 1.2456.
