EUR/USD 24 JUNE 2012

EUR/USD – follow me on twitter @fxdailyforecast and stocktwits.com/fxg

We have a new B low in place down at 2066.

FOR TODAY:

We need to wait for a retracement up to the 618/786 of this swing for a short setup.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: WILL ONLY BE GOING SHORT IF:

We need a retracement to the 618/786 of this swing for a short trade setup.

If we don’t get the setup we are looking for then we don’t trade.

LONG: WILL ONLY BE GOING LONG TODAY IF

If we get another test of the B low before we close the gap then we can enter a long trade to close the gap.

If we don’t get the setup we are looking for then we don’t trade.