EURUSD is Bearish on the Daily TF, Looking to sell a 1.1060

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             1.0968
After breaking the Major Bull channel low, and the Wedge ,

Looking to sell opportunity at the test of the wedge which will close the opening gap (hopefully)
Target is 1.0850 then 1.0750

Selling at this level is very aggressive as you are selling the lows with a huge gap above,
Wait for a decent retracement at 1.1080 up to 1.1120

Buying this level is just like catching a falling knife, as we are in the middle of a bear channel , and that would be considered as a counter trend, more conservative long should triggered between 1.0860 and 1.0750

With the current Greece referendum, a huge volatility expected to occur, we might see up to 200 pips daily candles size, be careful out there.

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out