Econintersect: Christopher Lewis has posted his weekly technical analysis summary on YouTube (can be viewed below). He sees the currency pair in a consolidation zone, challenging 1.37 and looking to head for 1.38. He recommends looking for pullbacks as buying opportunities and is not enthusiastic about the EUR/USD pair right now.
Chart is discussed in the video below Read more >>.
The consolidation is more visible in the 60-minute chart:
Hear Lewis’ lack of enthusiasm in the video below:
Sources:
- EUR/USD Forecast February 17, 2014, Technical Analysis (Christopher Lewis, Fx Empire, 15 February 2014)
- EUR/USD Weekly Fundamental Analysis February 17 – 21, 2014 Forecast (Barry Norman, FX Empire, 15 February 2014)
