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Saoldric
Jun 18, 2014 10:02 PM

EURUSD retracement  Long

Euro Fx/U.S. DollarFXCM

Description

this chart is a bit messy but i think that it includes most of the trendlines that are worth taking note of.

MACD has rolled over and is signalling a long position. there are a few possible wedges that could be drawn, we are already below one of them. Im looking for a retrace to around 1.373 and looking to add more shorts.

The large red line is a weekly down trend line that is of great importance. If we over come that for multiple days the short position has to be reconsidered.
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