yoosnoop
Short

POTENTIAL SUPPLY RETEST ON THE EURO MONTHLY TF

FX:EURUSD   Euro Fx/U.S. Dollar
73 0 0
IM A COMPLETE NOVICE BTW. SO I'D APPRECIATE A LITTLE COMMENTARY IF YOU HAVE ANYTHING TO ADD :D
NEWS OF Q.E PUSHED THE EURO             TO A MAJOR DEMAND LEVEL AT THE 1.1200 AREA. DESPITE THE LONGER TERM BEARISH SENTIMENT, I'M LOOKING FOR A PULL BACK TO THE 1.19108 LEVEL FOR ANOTHER LONGER TERM SHORT TO BREAK THE LOWER DEMAND ZONE TO BRING THE EURO             TO THE 1.06900 AREA.
( BEAR IN MIND THE MARKET CAN BREAK TO THE LOWER SUPPLY LEVEL WITHOUT ANY RETRACEMENT)
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