Monday, 27 June 2011

EUR/USD DAILY FORECAST 27 JUNE 2011

NO CHARTS FOR THE FORECAST TODAY

EUR/USD
Price also took out the B low during Asia, giving us a new AB swing on EUR. We need to wait for price to hit the 618/786 for a sell, or a BF786 for a buy opportunity.

SHORT: WILL ONLY BE GOING SHORT IF:
We get to the 618/786 and thereafter get a bearish cs formation. Trade the 618 entry for 50 pips and the 786 entry as a PT to the BF786.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We get down to the BF786 and get a bullish cs formation afterwards. Trade this for 50 pips since it’s a shallow bounce.

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