EURUSD has seen a significant drop after the rally that occurred during the Greek elections. This formed a bigger picture demand zone for the EURO. The intermediate supply zone highlighted has a lot of PA in the area, so it may only hold through one retracement back to the level. The next time price gets to the bigger picture demand zone, it will be the first...
We are still watching the E6 closely. There was a false move on Friday. Could this have been the first pump before running? If they push it down Monday or Tuesday the weak longs will get squeezed and bail on their trades. Best to wait for a close outside of the wedge before looking for a trigger.
Resistance being tested on Andrews pitchfork 1hr chart **Out of posiion**
Two Andrews pitchfork resistance levels hit on the 1hr chart
The Euro has found some legs and is fighting to keeps it's head above water. Will Mario step in a hammer this nail? We are still short but price is getting close to stops. We would love for them to take out the double bottom. Stay tuned
ABC retracment pattern can seen on the 8 hour chart.