Wednesday, 15 June 2011

EUR/USD DAILY FORECAST 15 JUNE 2011


EUR/USD
Price gave us a bearish cs formation after the 618 yesterday which failed, we then had another at the 786 higher up, and price has fallen since. Today we will be looking for a DA786 trading day, looking for a slight pullback and a bearish cs formation to trade down to the BF786. Long trade setups will be looked at once we hit the BF786 and get a bullish cs formation.

SHORT: WILL ONLY BE GOING SHORT IF:
We get a rally and a bearish cs formation, trade this as a PT to the BF786, constitutes a DA786 trading day.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We get down to the BF786 and get a bullish cs formation.  This will be a PT with limits set at the A high, 10 pips inside.

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