FOREXCOM:EURUSD   Euro / U.S. Dollar
This is for intra day traders, I believe EURUSD is drawn to 1.1770 right now because we have very equal high's sitting on the daily chart , I think price will poke through it before the EU continues any sort of descent. Ton's of people have their eyes on that level right now.

The red zone is a heavy volume spot that selling took place last Friday, when price touched it today we got practically no reaction. I'm looking for a buy opportunity if price retests that level because I believe those sells have now become buys. If we get the trade it should happen before 9am and 1.1770 must still be untouched.

I will look to ride up to 1.1780 because that is a good institutional dealing number.

Looks like while I'm writing this price is going to hit 1.1770

Oh well, long week ahead of us.
"You aren't trading the market, you're trading your beliefs."

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