Still biased short due to Greek and Eurozone uncertainty. Will be closely observing whether we break the overlapping 38% fib retracement lines or we get a rejection. I am expecting a rejection due to the somewhat recent start of the bearish
continuation of the Euro
trend. However, if price breaks above expect to see it reach the 61.8% fib level before possibly going back down again. I am still unsure as to whether we are retracing a bullish
move from April or resuming the strong bearish
move that started last week.
Goodluck this week everyone!