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  1. EUR/USD Sentiment Flips to Negative, Long-Term Channel Support Near $1.25 and Potential Exits: Stop at 1.2480 & Limit at 1.2950

    by , 10-09-2014 at 05:17 AM
    Talking Points:

    • EUR/USD Sentiment Flips to Negative
    • Long-Term Channel Support Near $1.25
    • Potential Exits: Stop at 1.2480 & Limit at 1.2950

    The Euro has taken a turn this week after its relentless free-fall the past few months. After falling to $1.25 last week, it has now risen as high as 1.2675. I am predominantly a trend trader and look to trade in the path of least resistance (in this case, selling the EUR/USD as its fallen), but there are a couple compelling reasons ...