Invezted

Eur/Usd Roadmap for 23.06.15

FX:EURUSD   Euro Fx/U.S. Dollar
271 0 4
Context:

price failed to take out the highs at 14000 and the result was an increase in the downside momentum
we curretly trade near the 50%mark of the major rally , at arround 11215 , the path of least resistance is down
so one should wait for a clear sign of buyers stepping into the market , before considering any longs
at best wait till price trades at the extremes..


Trade Opportunities:

Long:
Reversal at 50% mark 11215
Reversal after broken supply line +Higher Low

Short:
Break of 50% mark at 11215 + retracement

Signs of strength:
none

Signs Of weakness:
increased selling pressure


Support:
11500
11215
10600

Resistance:
12800
13600
14000

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