docibby
Short

EURUSD 8h chart : falling out of rising channel.

FX:EURUSD   Euro / U.S. Dollar
91 2 4
See rectangle demand areas on chart. If price doesn`t hold there we will see a MAJOR shift in EUR affecting all other pairs as well. Additionally watching DAX             makes sense. A weaker EUR is normally good for a rising DAX             ( good for exporting companies ), but I am sceptical if this works out easily, due to fundamental problems like Greece, the Spanish banks etc. Be careful !
1.107 buy eu
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Yes, thanks for the comment ! I rarely trade FX, so I do take a lot of news and fundamental issues into my consideration and only trade based on weekly order flows. Your buy at 1.1070 might work out, especially on a lower time-frame. For me the risk factor is too high for that. Anyway, good luck !
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