EUR/USD: A Reversal Could Be On The Cards But Unwise To Be First To Sell – Nordea

Nordea FX Strategy Research argues that despite being long-term optimists on EUR/USD, the strong recent momentum of the pair has been surprising.

A lot of good news should already be in the price for the EUR, just as most bad news should be in the price for the USD (this suggests a reversal).

But given recent strong momentum, that the move appears flow-driven, and the technical damage done, it’s probably unwise to be first in line to try to sell the pair,” Nordea advises.

Source: Nordea Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/uEY8ww6GIQg/eurusd-reversal-could-be-cards-unwise-be-first-sell-nordea

from Online Forex Trading Resource
View thesource article here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s