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5 Aug 2014
EUR/USD is set up for a 'small' short squeeze - FXStreet
FXStreet (Łódź) - In an interview with Dale Pinkert at the FXStreet’s Live Analysis Room, FXStreet Content Advisor Goncalo Moreira suggests that there is a 'small' short squeeze in store for the EUR/USD.
Key quotes
"According to the latest Forecast Poll the first short-term set-up may look like a bearish divergence if we infer how MACD and RSI oscillators may develop below 1,35."
"An additional sellable point would be on a break above the downward slopping trend line, coincident at 1.35 by end of the week."
"This is where the highest forecaster has been seen, nothing above that."
Key quotes
"According to the latest Forecast Poll the first short-term set-up may look like a bearish divergence if we infer how MACD and RSI oscillators may develop below 1,35."
"An additional sellable point would be on a break above the downward slopping trend line, coincident at 1.35 by end of the week."
"This is where the highest forecaster has been seen, nothing above that."