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

from Online Forex Trading Resource
View thesource article here


Leave a Reply

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

You are commenting using your 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