The Euro Just can't keep it's gain's-with Greece failing fast, and looking on a one way course out of the Euro. Things are looking realy bad for Europe as a whole-even worse for the Euro itself-for trades this is all shaping up to be a interesting few months ahead.
All the data still Show's it's time to short the Euro Short-and Long term.
I will be looking to short Euro See Tech's Below:
Technicals
Price ran into resistance at the top of the channel and is currently
inside the wedge. Somewhat of a head and shoulders has also
formed. 1.3135 - 45 area is a very critical support. There is a
horizontal and trendline running through that zone. If it fails,
short-term bullish structure becomes suspect. Traders will target 1.2975
- 1.3025 area, and if that does not hold - price would be heading to
January low.
Resistance comes in @ 1.3250 - 1.3280 area, followed by 1.33 and WP a few pips above.
Time will Tell-but I will be shorting the Euro going on off this data.
Any comment's or Question's feel free to ask-here to share trading information and Education,also to learn myslef form other like minded traders.
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