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JohnLaw
Jun 2, 2015 8:45 PM

Stumbling the EURUSD legs by the hour Short

Euro Fx/U.S. DollarFXCM

Description

We have a clearly overbought situation in EURUSD at the moment. But divergence is not yet in place. This can be traded in a nice way.

Therefore : a quick trade on the move down, then re-entering the previous long position again (since Greece won't be allowed to fail). See the levels as described. Given the fierce forces working today, I don't expect it will need to test all those support levels, so I am aiming at just 1.1065.
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