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EUR/USD: Bearish below 1.10-1.11 – 2ndSkies


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FXStreet (Bali) – Chris Capre, Founder at 2ndSkies, remains bearish EUR/USD while below the 1.10-1.11 area.

Key Quotes


“For the third time in the last 10 days, the Euro has sold off at the key resistance zone between 1.10 and just north of 1.11.”


“I’m staying bearish below these levels on a daily closing basis. Those not already short will want to get in closer to 1.10 or the FOMC spike highs near 1.1045. Only a daily close above 1.1165 will negate the bearish trend MT.”