SaxoTV

Coleman: Shorting EURUSD and here's why

401 views
October 13, 2015 equities, equity, eur, eur usd, eurgbp, eurjpy, euro, euro area, euro crisis, euro dollar, euro strength, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, europe growth, european, european central bank, european economy, european recovery, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, for, ford, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, foreign exhcange, foreignexchange, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex audusd short, forex buying, forex eurgbp, forex eurjpy, forex eurusd, forex exchange, forex gbpeur, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex selling, forex strategy, forex swiss, forex trade idea, forex trade ideas, forex trading, forex trading 2013, forex trading 2014, forex trading 2015, forex usdjpy, forextrading, formación, forward guidance, fx, fx markets, fx strategy, fx trade, fx trading, saxo tv, tradingfloor.com, us, us banks, us debt, us dollar, us dollar index, us economic data, us economy, us equities, us fed, us federal reserve, us federal reserve monetary policy, us gdp, us government, us growth, us jobs, us jobs data, us non-farm payrolls, us politics, us rates, us stocks, usa, usa economy, usd, usd eur, usd index, usd jpy, usd strength, usdaud, usdcad, usdcad trading, usdchf, usdeur, usdgbp, usdjpy, usdrub
Ian Coleman explains why he's setting shorts in EURUSD given what he sees as a medium-term focus on downside within a large Expanding Wedge formation
The move up from the 22nd Sept low has been volatile, according to Ian who says that the intraday chart looks to be forming a bearish Head and Shoulders pattern 
Trendline support at 1.1342
Bespoke support at 1.1341 
Measured move target at 1.1295
Sell at break of 11335
Target: 1.1295
Stop: 1.1365
No break above right shoulder at 1.1377