Correction of May2014 Highs

FX:EURUSD   Euro / U.S. Dollar
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I am looking at a fibinoccie retracement from our 2014 May Highs.

We have retraced testing the 0.23 Line which confirms our fibinocci sequence.

Also I have drawn trend lines to mark the foretasted path if the EUR/USD             continues its correction.

Greece Debt settlement and US rate and Q2 GDP decision will play into short to mid term trend confirmation
As we drop into the lower supply box, we can follow the MACD for a good buy signal on the 4 hour or longer chart
I bought in the lower channel and sold on the spike up to the inner lower channel.
We have remained in the lower trend lines, and are continuing up. Recent FOMC meeting indicates for a stronger potential rate hike in September.
Greece debt negotiations could continue to add strength to the Euro pushing the EUR/USD higher.

Since the time this idea was posted you had a great entry point on the lower trend line.
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