Week ahead (27.6 -1.7.2013) – EURUSD

20130524-eurusd-thought

Market reaction around 2790’s caused the EURO moved higher back to 1.30. Right now this is a new inflection point for this pair. As long as we are below I am a macro bear. This means I am expecting a retouch of 2850’s in the upcoming week as long as we can hold below 2950’s during Monday trading sessions. So as long as we are below 1.30 I still believe that 2750’s is doable. Let’s see how it goes. Have a great risk-wise trading week.

lechiffre

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