EUR/USD: Priceremains below resistance at 1.0653, as it remains below the short is more likely

12.01.2017 / 11:57

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EUR/USD: Short Trend, short term correction

Correction up to levels of resistance at 1.0653 and temporary break up over diagonal resistance.

Fibo correction up to levels of resistance 38.2%

This is a key level for the pair, only a break up and bar close above horizotal resistance above 1,0653 will give us a signal for buy.

There is no price action signal for short, but the level close to the horizontal resistance increase the possibility of another short

Volatility will remain high, as the pair does not have a clear direction from current levels.

Possible short term quick moves. It is better to be traded on smaller time frames.

The indicators are in bullish zones, but it is early for long positions, for short there is no price action signal yet.

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EUR/USD: Priceremains below resistance at 1.0653, as it remains below the short is more likely

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