Open trading account 
Dear Traders,
Day 3 and all eyes on the Greece-rendum.
However it is important to look at other factors which may confirmthe rise of the Euro. I am pointing out to yesterdays Dollar FXmarket posting new high followed by a lower low, signalling resistance to the upside dollar strength, in short a bear wall to the bulls rising momentum.
Meanwhile, the Euro (expand chart B for a better view) continues to indicate a few reversal patterns, beginning 18-June to now, these are:
1) Reverse Complex Head and Shoulders
2) Wave C of a Elliot Wave 5 wave count
3) Diamond Bottom (Chart B)
Can it be true the Euro will trend up past 1.14? Time will reveal, however i remain, in the short term, of the opinion that it may do so.
This concludes my strategy for the month ahead.
Thank you and Good luck
Chart A
Chart B
Day 3 and all eyes on the Greece-rendum.
However it is important to look at other factors which may confirmthe rise of the Euro. I am pointing out to yesterdays Dollar FXmarket posting new high followed by a lower low, signalling resistance to the upside dollar strength, in short a bear wall to the bulls rising momentum.
Meanwhile, the Euro (expand chart B for a better view) continues to indicate a few reversal patterns, beginning 18-June to now, these are:
1) Reverse Complex Head and Shoulders
2) Wave C of a Elliot Wave 5 wave count
3) Diamond Bottom (Chart B)
Can it be true the Euro will trend up past 1.14? Time will reveal, however i remain, in the short term, of the opinion that it may do so.
This concludes my strategy for the month ahead.
Thank you and Good luck
Chart A
Chart B
