EUR/USD 25 JULY 2012

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

We have a new AB swing in play with price having taken out the B low yesterday.

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

No long trade setups at present.

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