What will it take to get EUR/USD up again?

[Kastro_316]

Hey guy's

OK, just curious of what you guy's think will make EUR/USD stop this down-trend and start climbing back to 1.3000?

 

[Ivanovich]

1. A believed/indicated pause in US interest rates which could come from a perceived soft patch in the US economy.

2. A massive trade number this week followed by a horrible TICS number next week.

3. A perceived strengthening of the EU economy (which is highly unlikely).

 

[liri]

As of now i'll be going short unles i see the 1,2050 area give way.

 

[Ivanovich]

that is the smart strategy. Sell into strength with a stop over 1.2050.