Friday, 1 July 2011

EUR/USD DAILY FORECAST 1 JULY 2011


EUR/USD
No trade setups yesterday, but price keeps creeping higher and higher. We will wait for something clearer before we trade this pair. We need a B to form first.

SHORT: WILL ONLY BE GOING SHORT IF:
We have now made a new B high, so there are no short setups at present.

LONG: WILL ONLY BE GOING LONG TODAY IF:
As mentioned above, we have just made a new B high, so we have no seups. We need price down at a 618 and a bullish cs formation, until we confirm a B high we won’t know where the 618 is.

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