Technicals: Sell EUR/USD

A break above the Andrew’s Pitchfork mid line would require a great effort … fuelled by a sharp rise in the German yields. Moreover, it would have to be a near 90 degree rally, which as of now looks difficult. ECB’s Visco just came out in favor of ‘expansive’ mon pol. Weekly chart shows – failure to hold above the trend line resistance of 1.1464.

It makes sense to sell EUR/USD around 1.1450-1.1460 for a downside target of 1.1380 with stops above 1.1490

Daily chartEURUSD D1 (07-12-2017 1447).png

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