Thursday 2 June 2011

EUR/USD DAILY FORECAST 2 JUNE 2011


EUR/USD
We finally got our B high in the US session yesterday and price fell somewhat since then. We would like a test of that cs and then a fall again taking us lower down.

SHORT: WILL ONLY BE GOING SHORT IF:
We get a test of yesterday’s highs, or even just a rally and a bearish cs formation for a short entry.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the 618/786 for a buy, the 618 for 50 pips and the 786 for a PT to BF786.

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