Week ahead – EURUSD

20130903-eurusd-thought

EURUSD is slowly channeling down and with latest positive NFP records it looks like we might see a retest of a longer term support at 2870's. This area is a 50% retracement of 3709 high and 2037 low. Below 2970's I am a short term bear towards 2870's. If you are willing to be a short term bear as well look for pressure on 2964 and signs of ACU between 3020's and 2960's and always remember what your risk vs potential reward is!

Have a great trading week.
lechiffre.

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