EUR/USD Weekly View

Update: EUR/USD Weekly View – Trend is down after a 50% retracement

5 June 2014/11:09 a.m. ET

Issue #1663

EUR/USD Weekly [last 1.3613]: After a powerful rally to the 50% retracement of the entire move from the 1.6037 all-time high to the post credit crunch low of 1.1875, the pair is turning down, supported by the price oscillators (which showed divergence into the price high).  Next major weekly support is at 1.3475-65.

If you would like to sample our forex service, I will set you up for a two week trial and you can see more of what we do and determine if Black Swan Forex could be a resource to help you make real money in the currency market.

Please click here to request a free trial.  We simply need your name and email address.

Thank you.

P.S. The US dollar reserve status and case for a continued bull market power point presentation has been posted to our homepage at the top: 


Jack Crooks

President, Black Swan Capital

Twitter: @bswancap